13 January 2025: 08:30 GMT
The 80s are back. Brent even went above $81 for much of the Asian session, closing at $81.28/bbl. Its peak was higher than Everest, touching $81.59/bbl shortly after the window. That’s the highest Brent flat price has gone since late August! Chinese and Indian buying, with a mixer of potent US sanctions and freezing weather make for a strong cocktail. Let’s just hope somebody doesn’t wake up with a heavy hangover when the effect wears off.
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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