03 April 2025: 16:30 BST
The 60s are back! The market didn’t just fall at the open but kept going all the way to under $70! For the first time since 19 March. So, what triggered the price collapse in oil and equities? Oil was let off easily with crude from Canada and Mexico entering tariff free as per normal. So, longs hoping for mayhem exited to the left and tumbled down the stairs. And on equities, they got more punishment than they thought; seeing the upcoming global slowdown they sold off ahead of time. Actually, things are very messy and it has a feel of a bunch of real amateurs running the circus. Trump spilled blood on Wall Street and now he’s back to his aim of cheap oil! With a bit of help from OPEC even…
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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