Reports

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European Window: Brent Softens to $76.71/bbl

The Mar’25 Brent futures contract experienced a weaker afternoon, trading down from $78.16/bbl at midday to $76.76/bbl, where it trades at the time of writing (17:30 GMT) as concerns surrounding oil supply disruptions from Colombia eased. In headlines, Iraq’s Rumaila

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CFTC Weekly: Still Bullish

In the week ending 21 January, money managers reduced their shorts in both crude futures benchmarks. In contrast, they added length in Brent for the second consecutive week but reduced length in WTI futures. The oil market was tentative approaching

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Futures Report: Sentiment Hits Snooze

In the week ending 27 Jan, the soon-to-be-prompt Apr’25 Brent futures contract weakened from an intraday high of $79.80/bbl on 20 Jan to briefly hitting $76.90/bbl on 24 Jan before climbing to $77.90/bbl by 11:30 GMT on 27 Jan (time

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European Window: Brent Softens to $78.20/bbl

The Mar’25 Brent futures contract softened from $78.90/bbl at 1300 GMT to a low of sub-$78.00/bbl levels at 1615 GMT before rising to around $78.20/bbl at 1725 GMT (time of writing). Crude and gasoline prices dropped to two-week lows today,

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LNG Market Report: Energy Emergency

Newly inaugurated US President Donald Trump has signed an executive order directing the federal government to prioritise the development and production of natural resources in Alaska, including the nation’s LNG project, citing their “critical national importance” and “economic and national

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Brent Forecast Review: 24th January 2025

Taking Off Risk On Monday, we forecast that the M1 Brent futures contract will be between $78 and $81/bbl at the end of the week. At 12:45 GMT (time of writing), the contract is around the lower end of this

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Trader Meeting Notes: Cease-Fire and Ice

Brent softened this week as disbelief continued to be suspended for the promised (read: threatened) tariffs from the US, and the market digested and rebalanced following the rally to over $82.00/bbl last week on the news of new sanctions on

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European Window: Brent Declines To $78.10/bbl

The Mar’25 Brent futures contract initially saw strength this afternoon, steadily climbing to $79.60/bbl around 1515 GMT, however, prices sold-off shortly after 1610 GMT down to $78.10/bbl at 1640 GMT, retracing to $78.65/bbl at 1735 GMT (time of writing). Crude

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CFTC Predictor: Risk-Off Week In Brent

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

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European Window: Brent Weakens To $79.45/bbl

After this morning’s strength, Mar’25 Brent futures declined from just under $79.90/bbl at 1120 GMT down to this afternoon’s low of $78.87/bbl at 1500 GMT, recovering to $79.45/bbl at 1750 GMT (time of writing). Crude oil prices saw bearish sentiment

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