09 April 2025: 09:30 BST
Folks, we crashed through to the FIFTIES!!! It finally happened! The first time since February 2021. Serious times ahead as the market signals a collapse in demand not oil but anything else! A trade war is a disaster for everybody. The front spread fell to 34c briefly this morning but after the September tenor, the structure fell into contango! It only took a global trade war of colossal scale kicked off by one man’s whimsy and fancy to smash the global economy! And China hit back with 84% tariffs on the US today.
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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