ICE COT – In the week ending 26 November, money managers were risk-off in Brent crude futures amid waning geopolitical risk in the Middle East. Speculative players reduced both their long and short positions by -1.55% and -5.05%, respectively, which
Feb’25 Brent crude futures inched up from $72.42/bbl at 07:00 GMT this morning to $72.60/bbl at 10:55 GMT (at time of writing). Crude oil prices saw support while Chinese manufacturing PMI rose to 51.5 in November, up from 50.3 in
The Jan’25 Brent futures contract has weakened this afternoon, falling from $73.05/bbl at 12:00 GMT to $72.45/bbl at 17:50 GMT (time of writing). EIA data for the week to 22 Nov showed a larger-than-expected draw of 1.84mb in US crude
The narrowing scrubber spread was the key theme as there was diverging sentiment between the HSFO and VLSFO complexes, with the former turning bullish and the latter turning bearish. This is reflected in the narrowing of the Hi-5s (VLSFO vs
The Feb’25 Brent futures contract saw weakness this morning, falling from $72.77/bbl at 07:00 GMT down to $72.08/bbl at 10:55 GMT (time of writing). Crude oil prices saw bearish sentiment as markets weighed up the prospect of ample supply heading
Happy Thanksgiving! As American liquidity dries up in favour of stuffed turkeys, OPEC+ knows what it is not thankful for: the situation they’ve been placed in vis-à-vis bringing their crude oil barrels back into the market.
The Feb’25 Brent futures contract declined marginally from $72.90/bbl at 12:00 GMT to a touch under $72.75/bbl at 17:50 GMT (time of writing). In the news today, Russian President Putin said Moscow launched more than 90 missiles and 100 drones
After Jan’25 Brent futures initially fell from $72.80/bbl at 07:00 GMT to $72.40/bbl at 08:15 GMT this morning, the Jan’25 contract made a recovery to $73.30/bbl at 10:30 GMT (time of writing). In the news today, Ukraine’s energy minister said
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 Jan’25 Brent futures contract has weakened this afternoon, falling from $73.05/bbl at 12:00 GMT to $72.45/bbl at 17:50 GMT (time of writing). EIA data for the week to 22 Nov showed a larger-than-expected draw of 1.84mb in US crude
The Jan’25 Brent futures contract saw strength this morning amid rangebound price action, increasing from $72.90/bbl at 07:00 GMT to $73.05/bbl at 10:40 GMT (time of writing). Prices saw a brief dip to around $72.70/bbl at 09:10 GMT before rising
The Jan’25 RBOB futures contract has been rangebound over the past fortnight, trading between 1.95c/gal to 2.00c/gal….
The Jan’25 Brent futures contract initially traded rangebound around high $73/bbl levels this afternoon, before falling to $72.30/bbl level at 18:00 GMT (time of writing). There was a brief spike to $74.25/bbl just before 14:45 GMT as a Bloomberg report
The physical Dated market remains very strong, with the physical differential remaining in triple figures for around ten days now, at 104c/bbl on 25 Nov. There has been a slight introduction of softness this week as players are pricing in
Another week brings another selection of new trade ideas from Onyx Research, this time looking at trades in LPG and Gasoil swaps. Our weekly Onyx Alpha report presents speculative and hedging trades based on technical analysis and data-driven tradecraft methods
