05 March 2025: 16:30 GMT
60s. Convincingly. No fifteen minute foray today. This time, Brent dipped below $70 for the second time in two days and continued to descend steadily before dumping further to a $68 handle! Battered and bruised, it ended the session at $68.50/bbl. A little reconnaissance mission yesterday before diving headfirst today! For anybody without access to a long-term Brent chart, that’s a new low since November 2021!
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.
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