The Jan’25 Brent futures contract weakened this morning, trading at $73.95/bbl at 07:00 GMT and selling off from $74.05/bbl at 09:10 GMT to $72.90/bbl at 10:20 GMT, inching down further to $72.80/bbl at 10:45 GMT (time of writing). Crude oil
The Jan’25 Brent futures contract weakened further this afternoon, trading at around $74.90/bbl at 12:00 GMT and selling-off from $74.85/bbl at 14:10 GMT down to $73.95/bbl at 17:45 GMT (time of writing). Crude oil prices fell as Hurricane Rafael is
The Dec’24 TTF rebounded in early November due to winter demand concerns, Norwegian outages, and the looming Ukraine-Russia gas transit expiration. European LNG imports rose for the first time in 10 months, while Asia’s declined. The Dec’24 JKM softened to
Brent crude futures saw a relatively rangebound week, with prices in the Jan’25 contract trading between $74 and $76/bbl. Oil’s reaction to the US election result was subdued, where the ‘Trump trade’ was focused on other risk assets, including equities,
The Jan’25 Brent futures contract weakened this morning from $75.10/bbl at 07:00 GMT down to $74.50/bbl at 10:25 GMT (time of writing). Crude oil prices weakened amid the unveiling of China’s $1.4 trillion stimulus package. Chinese officials neglected to announce
It was a historic week for the US as someone had to change Grover Cleveland’s Wikipedia from ‘only’ to ‘first’. Landslide results, comparable to 1964, point to a similarly anxious America, with Google searches for ‘WW3’ up 15% in the
The Jan’25 Brent futures contract rallied from $74.25/bbl at 12:00 GMT today up to $75.70/bbl just after 17:30 GMT (time of writing). Crude oil prices rose amid expectations of a 25 basis point Fed rate cut to be announced at
The Jan’25 Brent futures contract strengthened this morning from $74.30/bbl at 07:00 GMT up to $74.58/bbl at 10:50 GMT (time of writing). Price action was choppy this morning as traders adjust their positions in light of US President Trump’s victory
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 saw consistent strength this afternoon, ultimately increasing from $74.60/bbl at 12:00 GMT to $75.30/bbl at 17:40 GMT. Crude oil prices rallied from around $73.40/bbl at 13:50 GMT up to $75.92/bbl just after 16:00 GMT as
Key propane benchmarks over the past fortnight have seen a mixed bag of price movements in the fortnight leading up to 05 Nov.
The Jan’25 Brent futures contract strengthened this morning from $74.30/bbl at 07:00 GMT up to $74.58/bbl at 10:50 GMT (time of writing). Price action was choppy this morning as traders adjust their positions in light of US President Trump’s victory
The naphtha market has been resilient and strong into the end of October with the dips bought into well and the strong gasnaph selling flows supporting the complex further. It will be interesting to see how this strength will be
The key detail this fortnight has been the dichotomy between the Bal-Nov/Dec’24 and the Dec/Jan’25 Brent/Dubai boxes. The Balmo box initially saw trade house and producer selling, taking it down 12c d/d at the start of November to $0.15/bbl.
Jan’25 Brent futures flat price saw further support this afternoon, increasing from $75.35/bbl at 12:00 GMT up to $75.95/bbl at 17:30 GMT, before falling to $75.50/bbl around 18:00 GMT (time of writing). Crude oil prices were supported amid potential short
