28 March 2025: 08:30 GMT
While equities were getting hammered (see more in the detail), dated was on a tear! The April DFL rallied up to $1.58/bbl from just under a dollar before the move this morning. Traders noted mega short covering, “mental buying” said one trader. CFDs strengthened too with the 22-25 April contract jumping to $1.28/bbl, and the 31 March – 4 April contract rose to $2/bbl!
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.
