The Apr’25 Brent futures flat price came off below the $75/bbl level on Thursday afternoon, trading at $74.42/bbl at 17:30 GMT (time of writing). As the US unveiled fresh sanctions on Iran, the first move under the Trump administration, prices
This week reminded the market that we do not know what will happen next. The whipsaw of news seemed to pull the rug from under you as soon as you believed it. So what can we say really happened this
In addition to our regular Monday CFTC COT analysis report, Onyx Insight will publish its own in-house CFTC COT forecast ahead of the official Friday report. The model forecasts changes in long and short positions using machine learning, utilising Onyx’s
The Apr’25 Brent futures contract has seen a volatile morning, trading up from a low of $74.62 at 7:51 GMT to $75.06 at 9:56 GMT followed by a drop to $74.84 before rallying up to $75.24 at the time of
The Apr’25 Brent futures contract found support at just shy of $76.00/bbl at around 0300 GMT and strengthened through the morning to $76.55/bbl at 10:35 GMT (time of writing). President Trump issued executive orders on 1 Feb, which will take
The Apr’25 Brent futures flat price came off below $76/bbl Wednesday morning, falling to lows of $75.40/bbl by 10:25 GMT (time of writing). Following the price spike after Trump reinstating his ‘maximum pressure’ campaign against Iran, market participants have been
The Mar’25 RBOB futures contract weakened towards the end of January, declining to 2.05c/gal on 27 Jan. However, the contract gained support into the new month amid fears of tightening medium sour crude oil supplies in US refineries following a
The re-election of President Trump has brought havoc and hysteria to oil market sentiment. Trump’s predictably unpredictable rhetoric and actions have created significant uncertainty and volatility for financial markets, which has reinforced large intraday swings in Brent futures and spreads.
The prompt April Brent Futures contract has seen a volatile afternoon, initially trading down from $75.09/bbl at noon to a low of $74.17 at 14:20 GMT before rallying to $76.65/bbl at 15:35 GMT and retracing some of its gains to
Another week brings another selection of new trade ideas from Onyx Research, this time looking at trades in gasoline and NGL swaps. Our weekly Onyx Alpha report presents speculative and hedging trades based on technical analysis and data-driven tradecraft methods
The Apr’25 Brent futures contract softened overnight, from $75.55/bbl at 0400 GMT to $75.05/bbl at 10:33 GMT (time of writing). China has retaliated against Trump’s tariffs with a 15% levy on US liquefied natural gas and coal, a 10% tariff
Oil prices rallied into President-elect Trump’s inauguration only to retreat thereafter. Brent front-month futures peaked at $82.03/bbl on 15 January, declining to below $75/bbl at the time of writing. When examining the positioning data for risk takers, we witnessed consecutive
The Apr’25 Brent futures contract witnessed a weaker afternoon, softening from $77.20/bbl at 14:10 GMT to $75.15/bbl at 15:25 GMT. The contract found support at this level and climbed to $75.75/bbl at 17:20 GMT (the time of writing).
The week to 03 Feb saw markets rebalance ahead of the 01 Feb deadline for President Trump’s introduction of new tariffs on Mexican and Canadian energy and a further 10% on Chinese goods. There was little clarity ahead of the
The week ending 28 Jan was characterised by de-risking in the benchmark Brent and WTI futures, more significantly in the latter. Combined open interest in the crude futures declined by 77.89mb (-1.76%) this week.
