04 March 2025: 16:30 GMT
Brent huffed and puffed, stamping down on the $70 floor, trying to break through to the 60s. It smashed through just before 15:00 GMT all the way down to $69.77! 60s secured! Doesn’t matter if it bounces back within 15 minutes – dead cats always bounce . By the close it had solidified slightly, reaching $70.40/bbl. Brent dipped its toes into the 60s and could take the plunge soon…
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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