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Heads of Desk: Top of Mind – Episode 35

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

UK Unemployment Above Expectations, Chinese Housing Market, Data Today

UK unemployment up, China housing slumps, Europe output weak; yields fall, BoE cut bets rise, data today.
17 February 2026

Latest reports

Brent Declines to $67.42/bbl

Brent dips; US-Iran talks progress; Ukraine hits Russian sites; EU sees no supply risk; Dangote expands refinery.
4 page report
17 February 2026

Physical On A Roll

North Sea physical strong on Vitol buying, but paper quiet; easing CFD signals question how long strength lasts.
17 February 2026

Tumbleweeds…

Thin trade; Brent/Dubai rangebound, balanced supply/demand; no clear catalyst.
17 February 2026

Signals and Sentiments

The M1 Brent futures contract briefly broke past $70/bbl on 11 Feb, where it met resistance and eased to a low of $66.90/bbl on 13 Feb.....
9 page report
17 February 2026