Reports

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CFTC Weekly: Bears Take A Leap

In the week ending 12 November, money managers added length to their positions in both Brent and WTI crude futures. Following Donald Trump’s election victory, we saw Hurricane Rafael divert course from the US Gulf Coast, leaving oil infrastructure unscathed,

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European Window: Brent Rises to $73.00/bbl

The Jan’25 Brent Futures rallied this afternoon, rising from $71.44/bbl at 12:00 GMT to $73.27/bbl by 16:20 GMT before encountering resistance and retracing slightly to $73/bbl as of 17:15 GMT. In headlines, news of a power outage halting output at

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Brent Forecast: 18th November 2024

The Jan’25 Brent future is trading near recent bottoms, with a wedge forming with lower highs from early October and a quite weak momentum in the bear trend shown by a negative but small MACD differential. We anticipate a short

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European Window: Brent Declines To $71/bbl

The Jan’25 Brent futures contract declined this afternoon from $72.35/bbl at 12:00 GMT down to $71.00/bbl at 18:00 GMT (time of writing). We have seen bearish sentiment in Brent crude while China oil demand remains weak and Middle East ceasefire

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Fuel Oil Report – High on HSFO

In High Sulfur Fuel Oil (HSFO), the 3.5% bgs and Sing 380 contracts saw a strong rally in the past two weeks, with the strength in the East exceeding that of its European counterpart, with the Dec’24 E/W rallying from

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Trader Meeting Notes: When Trump Met Biden

A bafflingly coherent Biden skipped the COP29 to have an ecstatic lunch/photo op with Trump in the White House, and with all the big liberal names missing the conference, the only real news came from a righteous speech from Azerbaijan

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European Window: Brent Weakens To $72.05/bbl

After initial strength this afternoon, the Jan’25 Brent futures contract ultimately saw weakness this afternoon, moving from $72.45/bbl at 12:00 GMT up to $73.20/bbl 14:20 GMT down to $72.05/bbl at 17:45 GMT (time of writing). EIA data released today

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CFTC Predictor: Bulls Take A Backseat

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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Dated Brent Report – Trump: The Arb of the Deal

There was an election across the pond last week, but it would be quite a feat of mental gymnastics to immediately connect the results with the Dated Brent market. Yet, the ramifications of Trump’s re-election may have significant implications for

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