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Heads of Desk: Top of Mind – Episode 61

The heads of Onyx Commodities' trading desks discuss the latest in the Oil Derivatives as of 18 August 2026
18 August 2026

JGB Yields Push, US 10-Year Treasury Yield Reaches Highs, UK Unemployment

JGB yields hit 30-year highs as yen weakens; US yields climb on inflation fears, equities slide, UK wages stay firm.
18 August 2026

LATEST REPORTS

Brent supported above $90/bbl as Iran weighs strikes on military targets in Europe if Trump escalates

Brent trades up to $92/bbl; Iran weighs strikes on US military targets in Europe if war escalates; shipping slows through Strait of Hormuz
19 August 2026

Brent Rises as US Prepares to Help Refiners Increase Fuel Output

Brent rises as US seeks higher refinery runs; Asian buyers reroute Saudi crude, while Chinese shippers avoid key chokepoints.
18 August 2026

ADNOC Shock

Dubai spreads strengthened, while Brent/Dubai fell amid mixed flows. Trade-house selling may cap gains, but $4 support could hold.
18 August 2026

Monday Blues

Dated Brent structure capitulates as the front flips into contango; weakness absorbed by the 24-28 Aug CFD
18 August 2026