The spread between Crude Oil benchmarks in the North Sea (Brent) and Middle East (Dubai).
Find live prices on Flux Terminal. Trade Brent v Dubai cost-free on Onyx Markets.
Daily net flows in Jan Brent/Dubai have been heavily skewed toward the sell-side from the middle of November with the 7-day trading split sitting 30:70 on a long:short basis. Market dynamics are tentative as the looming OPEC+ meeting dominates sentiment,
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
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
Declining oil prices saw both Brent and WTI decrease for the third consecutive week, dragging both prompt futures price actions below $80/bbl to 3-month lows of $79.54/bbl and $75.33/bbl on Nov 8 for Brent and WTI, respectively. The bearish addiction
The market is in flux, with Brent and RBOB channeling their inner Vincent Vega and Mia Wallace. Brent has got its bearish groove on, while RBOB’s cautiously strutting a bullish outlook, likely fueled by some refinery drama.
