11 April 2025: 09:30 BST
The Asians were in a good mood this morning and the positive vibes spread to flat price, which rose from barely $63 at the open to above $64.30. But then China got fed up and slapped the US with 125% tariffs and prices fell back by $1! Multi-dollar swings within minutes are becoming the norm… Get to safety! Gold is flying and hit a new all-time high of over $3230/troy ounce this morning. Talking of flying, capital is taking flight from the US as investors panic about Trump tantrums and the bond market is in a full rout – see more on the next page!
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).
For any comments, please reach out to us through the emails provided in the signed documents.
