19 February 2025: 16:30 GMT
Brent fancied a run up the hill. It climbed and danced its way up throughout the morning, like the longs making the most of the rally, from the early Asian session right through to after lunchtime here in London, but it stalled and fell back slightly to the European close. By the end of the window, it had slid back down to $76.43/bbl, almost 40c down from its peak. It’s getting chilly out there in the US, so keep an eye on production shut ins – with North Dakota already expecting at least a 150 kb/d reduction. But Brent kept falling post-window, down below $76 by 18:00 GMT.
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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