Reports

Industry-leading market insights. Get daily, weekly and monthly reports from Onyx Research, featuring expert analysis and interactive graphs. ​

Brent Forecast Review: 27th September 2024

Lacking a spark   We expected Nov’24 Brent futures to end the week trading between $70/bbl and $75.00/bbl as we failed to see it breaking out of a rangebound market. Price action this week validated this view, with the contract trading

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Trader Meeting Notes: Swimming in Oil

The Fed has initiated the rate easing cycle, lowering its key overnight borrowing rate by 50 bps. To be sure, it was an aggressive start and underscored the Fed’s concerns surrounding employment, in contrast to its sanguine views on inflation.

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CFTC Predictor: Bulls & Bears Set For Departure

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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European Window: Brent Futures Unstable At $73.23/bbl

After a relatively stable morning, price action in the Nov’24 Brent futures contract saw weakness and volatility this afternoon. Initially oscillating between high $73 and $74/bbl handles from 12:00 to 17:00 BST, price action then plummeted at 17:18 BST by

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Dubai Market Report – Chin-Agh!

It was a paradigm shift in the Brent/Dubai crude market as the orderly downtrend in Brent/Dubai gave way to a mighty rally on 26 August following Brent’s rally on the Libyan supply disruption news. The Sep’24 Brent/Dubai widened from $0.30/bbl

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European Window: Brent Dips Down To $74.90/bbl

After this morning’s rally on the back of substantial monetary policy easing announcements in China, the Nov’24 Brent futures contract dipped over the course of this afternoon, trading at $75.51/bbl at 12:00 BST and declining to $74.90/bbl at 17:20 BST

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Onyx Alpha: Eyes to the East

Another week brings another selection of new trade ideas from Onyx Research, this time looking at trades in Brent/Dubai, Eastern MOPJ naphtha, and Sing 92 gasoline swaps.

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European Window: Brent Falls Down To $73.16/bbl

After sideways price action this afternoon, Nov’24 Brent futures contract gradually fell from $74.69/bbl at 12:00 BST down to $73.16/bbl at 17:25 BST (time of writing). In the news today, China’s Russian oil imports have jumped 25.6% m/m in August

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