Another week brings another selection of new trade ideas from Onyx Research, this time looking at trades in LPG and high sulphur fuel oil. Our weekly Onyx Alpha report presents speculative and hedging trades based on technical analysis and data-driven
The Feb’25 Brent futures contract saw weakness this morning, trading from $71.85/bbl at 07:00 GMT up to $72.20/bbl at 09:00 GMT and falling to around $71.55/bbl at 11:00 GMT (time of writing). In the news today, Israeli airstrikes targeted Syrian
The Feb’25 Brent futures contract strengthened this afternoon, increasing from $71.90/bbl at 12:00 GMT up to $72.65/bbl shortly after 15:40 GMT, before falling to $72.35/bbl at 17:55 GMT (time of writing). Crude oil prices were supported this afternoon with news
Instability in the Middle East The front-month (February 2025) Brent futures contract weakened below $71/bbl on 06 Dec, dipping under the boundary of the symmetric triangle within which the M1 futures contract has oscillated since September (attached). As of Monday,
The directionless feeling in the crude market has failed to be alleviated this week. As expected, OPEC+ announced a three-month delay to its planned production increase, now set for April 2025. The group also extended its timeline for fully reversing
Money managers got longer in the week ending 03 Dec in anticipation that OPEC+ was delaying their output hikes, which would serve to tighten global oil balances. Delaying for the third time, the unwinding of the voluntary cuts will now
The Feb’25 Brent futures contract saw strength this morning, increasing from $71.50/bbl at 07:00 GMT to around $72.10/bbl at 08:25 GMT, before tapering off to $71.80/bbl at 10:40 GMT (time of writing). In the news today, Israel has struck chemical
The Feb’25 Brent futures contract fell this afternoon from a high of $71.60/bbl at around 12:30 GMT down to $70.85/bbl at 15:30 GMT as support was seen at the lower Bollinger band and the prompt tose to $71.25/bbl at 17:30
European countries reliant on Russian gas are scrambling to find ways to pay for supplies after new US sanctions on Gazprombank, which could disrupt payments and halt gas flows, particularly affecting Hungary and Slovakia. Potential solutions include waivers or alternate
TARGET: $70.00/bbl – $73.50/bbl PRICE: $71.65/bbl OPEC+: Much Ado About Nothing The front-month February 2025 Brent Friday morning was roughly where it started the week, with a brief rally in between. At the time of writing, Brent was trading at
The Feb’25 Brent futures contract fell slightly from $72/bbl at 07:00 GMT down to $71.65/bbl at 10:20 GMT (time of writing). Crude oil markets appear to have largely priced in the OPEC+ decision to delay production hikes, in line with
This week, the North Sea physical market saw the largest amount of cargoes traded in 16 years, with 8 cargoes, or approximately 5.6mb of crude, changing hands in this Monday’s pricing window (2 Dec). With large market players Trafigura and
The Feb’25 Brent futures contract fell this afternoon from $72.85/bbl at 11:35 GMT down to $72.05/bbl shortly before 18:00 GMT (time of writing). In the news today, OPEC+ delayed the revival of its oil production by three months to April,
The Feb’25 Brent futures contract has seen marginal strength this morning, trading from $72.40/bbl at 07:00 GMT up to $72.65/bbl at 10:25 GMT (time of writing). With the OPEC+ ministerial meeting on production policy taking place today on 05 Dec,
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
