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Heads of Desk: Top of Mind – Episode 39

The heads of Onyx Commodities' trading desks discuss the latest in the Oil Derivatives as of 17 March 2026
17 March 2026

Oil Keeps Inflation Pressure Alive, US Diesel Tops $5/gal, USD Support

Oil lifts inflation expectations; central banks turn hawkish, yields rise, USD firms, and consumers—especially younger households—face press
17 March 2026

Latest reports

Power Nap

Midland flows dominate; early bearish trades give way to buying interest, lifting differentials as physical market strength builds.
17 March 2026

Brent Rangebound at $102/bbl

Donald Trump criticizes allies as Iran tensions escalate, tanker hit near Port of Fujairah and investment retreats.
4 page report
17 March 2026

Energy Positioning Report – 17 March 2026

ICE Brent fell by -1 remaining in overextended territory, ICE Gasoil fell by -1 and just remains overextended.
9 page report
17 March 2026

War and Price

Brent remains in bullish uptrend, gasoil cracks test Fibonacci levels, barge crack hits critical support
9 page report
17 March 2026