29 January 2025: 16:30 GMT
It looks like 75 is coming, not quite yet but it is almost in the bag Great if you are short or otherwise you may get it on the neck! For The Officials it is an intellectual exercise in case you wonder. For now back into $76! A post-window drop saw flat price tumble into the mid-$76 range before 18:00 GMT. Yet it still feels heavy. Asia’s asleep and the rest of the world’s in droopy eyelid mode! We told you this would happen that the market would feel long when the Chinese are celebrating the year of the Snake. Look at their tech from DeepSeek to Dancing Humanoids. In the absence of Asian trading, Europe was quick to knock flat price down, on the first day of Chinese New Year. After a morning tumble, some choppiness going into the window saw it close at $77.29.
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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