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The heads of Onyx Commodities' trading desks discuss the latest in the Oil Derivatives as of 11 August 2026
Oil Near $90, European Heatwave May Wipe EU GDP Growth, Upcoming Data
Brent nears $90 as Libya attacks and weak Hormuz flows tighten supply; heat threatens EU growth, while Australia signals inflation risks.
LATEST REPORTS
Brent Eases As US Crude Stocks Surge
US crude stocks surge, Saudi exports go dark amid Houthi threats, while Russian refinery disruption triggers fuel rationing.
Waiting for $90…
Meanwhile, in EBOB, It feels the market is struggling to add fresh length in the long-skewed, overcrowded market....
6 reports
All About That Arb
Bearish LST/FEI arb flow supports FEI/MOPJ despite crude strength; LST spreads recover from oversold levels
17 page report
$90/bbl resistance in Brent
Hormuz disruption deepens: Houthi and US strike tankers, ADNOC offers Iraq export route; IEA cuts 2026 demand forecast.