13 February 2025: 08:30 GMT
Don’t blink, folks, you’ll miss it! Things are moving so fast now. Lethargic Europe may be apprehensive about coming peace, but Asian trading took it as a bearish sign! As they should have of course! The entire complex is bearish from oil to aluminium via gas and power! We rejoice for beaten down Europeans even if they can’t see how good losing is sometimes. From the open at almost $75, Brent quickly sold off, dumping 50c. The Asians seemed content with a good day’s work and let Brent hover near $74.50 for the remainder of the session. Europe’s entry naturally led to some choppiness and Brent closed at $74.67/bbl. Look at page 2 for a rundown of key contracts’ dump– gas, fuel oil, gasoline and diesel all got hit!
In ‘The Officials’, Onyx Capital Advisory publishes outright values, spreads, cracks and boxes for the main energy commodities traded in the marketplace. The published values are determined independently and on a fair market basis by our team of dedicated professionals.
We invite you to read our reports, which will initially be published twice a day, reflecting closing values at 16:30 Singapore time (SGT) and at 16:30 London time (GMT/BST).
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