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Heads of Desk: Top of Mind – Episode 44

The heads of Onyx Commodities' trading desks discuss the latest in the Oil Derivatives as of 21 April 2026
21 April 2026

NASDAQ Closes at Highs (Again), US-Iran Agreement in 6 Months, Treasuries

Nasdaq streaks higher; geopolitics strain energy; jet fuel risk in Europe; bond warning; data signals rising stagflation pressure.
17 April 2026

Latest reports

Brent briefly hits $99/bbl

Uncertainty looms ahead of the ceasefire deadline on Wednesday....
4 page report
21 April 2026

Strait Talk

At this point, we had begun to see prices hit resistance at very high levels, which has fanned concerns of demand destruction in Europe.....
21 April 2026

The Oil Must Flow

Dubai crude sees bearish turn on ceasefire news; diverging flow between front and back-end Brent/Dubai; Dubai spread buying at $1/bbl
21 April 2026

Fading Momentum

Brent flat price and spreads entering rangebound regime; persistent bullish momentum in RBOB futures; 3.5% barge crack hit inflection point
9 page report
21 April 2026