Naphtha & Gasoline reports
Please note that these reports will now be published every Thursday.
The Apr’25 Brent futures contract has seen strength this morning, increasing from $74.15/bbl at 0815 GMT up to $74.75/bbl at 1015 GMT, before tapering to $74.60/bbl at 1045 GMT (time of writing). Overall, speculators are becoming less optimistic on crude
The Apr’25 Brent futures flat price dropped to around $76.15/bbl at 1400 GMT to $74.90/bbl at 1715 GMT (time of writing) as it broke back below the 50-day moving average today. JODI data reported that China’s total product demand fell
Brent rally? Aaaaaand it’s gone. Brent crude futures is on track to see a small gain w/w, as the Apr’25 contract rose from $74.50/bbl on 17 Feb to $77/bbl by 20 Feb before correcting lower to $75/bbl by 16:00 GMT
The Mar’25 TTF futures contract rallied to over €58/MWh on 10 Feb, its highest level since January 2023, amid greater withdrawals from European gas storage and colder weather, but it has since retraced to €47.50/MWh on 20 Feb. The soon-to-be-prompt
The Apr’25 Brent futures contract has seen weakness this morning, trading from $76.25/bbl at 0700 GMT down to $75.80/bbl at 1045 GMT (time of writing). Crude oil prices have continued to see bearish sentiment following the 4.63mb build in US
The Apr’25 Brent Futures contract was rangebound this afternoon, trading between $76.25/bbl and $76.60/bbl until around 16:00 GMT, after which it rallied to $77.02/bbl, where it sits at the time of writing (17:20 GMT). EIA statistics highlighted a 4.63mb build
Front-month Brent futures has been more supported this week. We initially oscillated between $74 and $75/bbl before breaking into the $76/bbl handle. The $77/bbl handle remains a critical resistance level, which the M1 futures contract is now flirting with at
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 saw prices rise to $76.28/bbl at 0800 GMT before dropping to $75.81/bb at 0854 only to jump back to $76.00/bbl at 0900 GMT and has slowly been climbing up to $76.26/bbl at 1043 GMT (time of
After the Apr’25 Brent futures rose from $76.30/bbl at 1300 GMT this afternoon to a weekly high of almost $76.80/bbl at 1440 GMT, before falling down to $76.25/bbl at 1735 GMT Overall, crude oil prices have been supported on fears
The Apr’25 Brent futures flat price saw a quiet morning, slowly rising from $76.16/bbl at 0700 GMT to $76.42/bbl at 1030 GMT (time of writing). The rise came as president Donald Trump signalled a possible tightening of restrictions on Chevron’s
This week, we have seen a good example of the dichotomy between Brent’s futures and the physical market that underpins it. In the physical, it seems that the market has found a floor this week. Equinor and Gunvor were running
The Apr’25 Brent futures flat price saw a choppy afternoon, swinging by a dollar from $76 to $75/bbl before rising to $75.70/bbl by 17:00 GMT. According to a Bloomberg report, privately-run terminals in China, particularly in Shandong, Yangshan, and Huizhou,
Another week brings another selection of new trade ideas from Onyx Research, this time looking at trades in gasoline, NGL, and distillates swaps. Our weekly Onyx Alpha report presents speculative and hedging trades based on technical analysis and data-driven tradecraft
The Mar’25 RBOB futures contract has consolidated in the $2.10/gal region and is supported by the 34-day moving average. It may find resistance at $2.17/gal, a high seen in October 2024 and January 2025. Momentum is neutral, while Onyx’s CTA
