Naphtha Report: MOP-Joy
April 23, 2024
This past fortnight has seen a rejuvenated naphtha complex in both regions, with Eastern structure the slightly better performer.
Reports
Up-Dated: Supplementary Report
April 23, 2024
After a prolonged period of weakness following the first week of April, Dated structure staged a recovery from April 18 after finding the floor.
Trade Wars: Attack of the Alpha
April 23, 2024
With another week comes a fresh slew of trade ideas by Onyx Research.
Brent Around $87/bbl Handles
April 23, 2024
The prompt Brent futures contract has seen a mixed morning, initially trading sideways around $87.25/bbl before surging upwards to peak at $88.19/bbl at 08:30 BST and subsequently correcting back down to $87.07/bbl at 10:00 BST…
Brent sees choppy but strong start to the week
April 22, 2024
The Jun Brent futures contract continued to see choppy price action into the afternoon, predominantly oscillating within the range of $85.95/bbl and $86.80/bbl.
Futures Report: Did the bulls go too close to the sun?
April 22, 2024
Technical indicators show that Brent futures saw RSI correct from the overbought territory whilst the Bollinger bands have maintained their width despite lower price action, indicating consistent volatility levels.
CT-Aaaaaagh What A Drop: CFTC Weekly Analysis
April 22, 2024
For the week to Apr 16, we saw contrasting positions adopted by money managers across the two benchmarks.
Brent Pushing Back Towards $87/bbl
April 22, 2024
The Brent futures flat price for the prompt contract has witnessed a mixed morning. Price action initially fell around $1 to lows of $85.81/bbl at 08:20 BST, before recovering to print at $86.72/bbl at 10:55 BST.
This Week’s Target Price: $85-87/bbl
April 22, 2024
The Jun Brent futures flat price witnessed a sharp rally last Friday (April 19), surging back into the $90/bbl region before easing off to $87.20/bbl handles the following evening.
Quiet But Stronger Afternoon For Brent
April 19, 2024
Prompt Brent futures flat price has witnessed a quieter afternoon period, albeit a stronger one as prices have risen by around $1. Price action fell to lows of $86.22/bbl at 12:15 BST, but at this level participants were happy to add some length as prices retraced higher to $87.67/bbl at 16:05 BST.
Fuel Oil Report – Better Comeback Story Than Tiger Woods Winning The Masters
April 19, 2024
This fortnight in HSFO saw incredible bearishness in Europe turn to bullish sentiment amid a news on a reinstatement of sanctions on Venezuelan crude.
Brent Futures: Volatile Surge but Ultimate Fall
April 19, 2024
Jun Brent futures flat price witnessed another bout of volatility overnight with price action rallying from below $87/bbl at 01:25 BST to $90.55/bbl at 03:45 BST before ultimately easing off to $86.75/bbl come 11:10 BST
Volatile Afternoon For Brent
April 18, 2024
Prompt Brent futures flat price has witnessed a mixed afternoon period. Prices initially rebounded from low $86/bbl lows in the morning to reach $87.64/bbl at 14:00 BST.
TMNs: Make Oil, Not War
April 18, 2024
Last week ended with Brent finally breaking into $91/bbl and briefly hitting $92/bbl as the world grappled with the eventuality of Iran striking Israel, following an attack by Israel on Iran’s embassy in Damascus.
CFT- See the Futures…
April 18, 2024
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 proprietary data.