Distillate fuels, including diesel and jet fuel, power transportation systems and industries worldwide, driving economic activity and global connectivity.
As the Red Sea conflict re-intensified over the weekend, geographical arbitrages went anywhere but sideways. See all the updates in this week’s Commitment of Traders report, as well as six one to watches for the week ahead.
A year review of how fluctuating trends in oil derivatives compare to the performance of some Premier League football clubs in 2023.
ONYX CFTC PREDICTOR – In addition to our regular Monday CFTC COT analysis report, Onyx Insight will publish its own in-house CFTC COT forecast ahead of the official Friday report. The model forecasts changes in long and short positions using
As the oil market settled into its first week of 2024, so did the derivative contracts. Trading volumes returned, whilst the geopolitical risk premium surrounding attacks in the Red Sea faded. See all the updates in this week’s Commitment of
Brent and WTI both saw their interest flipping from bullish to bearish in the week to Jan 02, reverting from the previously observed two-week trend. Brent notably saw bears coming back strongly and increasing their positions by over 30mbbls, representing
Houthi militant attacks on commercial vessels voyaging the red sea was a hot topic in this week’s Commitment of Traders report, with freight rates rallying, gasoil E/W sinking and LST/FEI stagnating.
The Brent futures flat price for the prompt contract has seen a major rally this afternoon, strengthening by almost $2/bbl from $77.62/bbl at 13:00 GMT to $79.52/bbl at 16:35 GMT. Brent approaches the $80/bbl mark once again as continuous attacks
As the Yuletide season approaches, it appears that Frosty the Snowman might be opting for remote work engagements, given the latest weather runs in Europe to be at or just above seasonal normal temperatures until early January. Notably, temperatures across
The Brent futures flat price for the prompt contract has seen a stronger afternoon, rising almost $1/bbl from $73.46/bbl at 12:00 GMT to highs of $74.33/bbl at 16:45 GMT. The EIA announced a second consecutive crude inventory draw, with stocks
While the strength in regrade emerged from robust fundamentals but kero spreads weakened into December as refiners flocked to kero over gasoil.
With a fresh week, Onyx Alpha brings you a slew of fresh trade ideas. Our team of analysts brings you hedging and speculative trades every week based on technical analyses and data-driven tradecraft methods on Onyx’s Commitment of Traders (COT) and Flux Financials data.
Both Brent and WTI futures saw bearish sentiment flood the contract in the latest CFTC data, with net positioning for both contracts decreasing by nearly 20% week-on-week.
Prompt Brent futures have seen a rollercoaster of a week, if the rollercoaster in question was a ‘Drop-Tower’, as prices have come off
aggressively, plummeting to below the $75/bbl mark.
This week’s COT follows the OPEC+ meeting announcing underwhelming cuts, amounting to a sheep in wolf’s clothing.
The ICE LS Gasoil cracks have witnessed a slow, steady albeit incredibly choppy rise this past month.
In this week’s edition of our CFTC report, Heating Oil is making its first appearance, with it dominated by a risk off attitude. Crude saw bearish sentiment continue in both Brent and WTI, whilst Gasoil and RBOB futures took a
This week’s COT report tackles the ongoing market behaviour, with OPEC+ postponing their next meeting and the EIA announcing another build of almost 10mbbls for US crude inventories.
The past week has been a tale of two halves, with initial strength at the beginning of the week taking futures out of oversold sight, all for the EIA to come back with a vengeance (prime Batman style) and announce
Despite the heavy weakness recorded in crude last week, both Brent and WTI flat prices strengthened with Brent back into $80/bbl-category. With our latest CFTC report, we analyse latest CFTC and ICE COT data on Brent, WTI, Gasoil and RBOB to highlight the hedgers and speculators behind these price movements.
Crude: CFDs are riding the long wave, but how high are we expecting this tide to go?
Fuel – Dec 0.5 Barge Crack: strutting its stuff, but brace yourself for a price reversal – it’s the rollercoaster you never asked for!
Distillates – To quote Ned Stark, winter is coming (for Japan) – giving Regrade a bit of an upgrade
