CFTC Report: Crude No Hive of Activity
May 20, 2024
For the week to May 14, we saw differing positions adopted by both prod/merc players and money managers across the two benchmarks.
Reports
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Brent Slips Below $84/bbl
May 20, 2024
The July Brent futures flat price has shown signs of weakness this morning following a fairly strong overnight period. Having risen from $84.05/bbl at 06:00 BST to a daily high of $84.45/bbl at 08:00 BST, the prompt contract has since
This Week’s Target Price: $82-84/bbl
May 20, 2024
The prompt Brent futures flat price strengthened to $84.30/bbl at the start of the week to May 20 (as of 08:15 BST), supported by political uncertainty in vital oil-producing economies in the Middle East. Iranian President Ebrahim Raisi, previously seen
Daily Trade Idea: 20/05/2024
May 20, 2024
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Volatile Afternoon In Brent Around $83.50/bbl Handles
May 17, 2024
The July Brent futures flat price has had a spiky afternoon, which it began by falling to $83.10/bbl at 12:40 BST, from which it rapidly rose to the afternoon’s high of $83.75/bbl at 14:10 BST.
Fuel Oil Report – I Don’t Want No Scrubbers
May 17, 2024
HSFO saw a contrasting performance in Europe and Asia which allowed the 380 E/W to rally significantly.
Brent Forecast Review: 17th May, 2024
May 17, 2024
July Brent futures saw a relatively rangebound week, and remains supported around the $83/bbl handles – where it has been trading since the beginning of May.
Brent Firm in $83/bbl Handles
May 17, 2024
The July Brent futures flat price has had a mixed morning, first seeing a rapid uptick from $83.50/bbl at 06:50 BST to $83.85/bbl by 08:05 BST, before softening to $83.15/bbl by 10:40 BST. After this, it has retraced upwards to
TMNs: One Market To Rule Them All
May 16, 2024
Markets have been echoing the early fellowship for much of this week as they struggled to establish a clear and comprehensive narrative.
Brent Well-Supported in $83/bbl Handles
May 16, 2024
The July Brent future flat price has been well-supported this afternoon, initially rising from $82.60/bbl handles at 12:00 BST to $83.75/bbl by 14:35 BST.
CFTC Predictor: Who Pressed Mute?
May 16, 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
Brent Back Below $83/bbl
May 16, 2024
The July Brent futures flat price has just ticked down this morning from a high of $83.25/bbl at 08:05 BST to $82.40/bbl handles at 10:55 BST, where it still currently resides as of 11:10 BST.
Brent Rallies After Flirting With $81/bbl
May 15, 2024
The July Brent futures flat price has had a rollercoaster of an afternoon, initially falling to $81.75/bbl as 12:50 BST, before shooting up rapidly to $82.40/bbl by 13:30 BST.
Brent Softening from High $82/bbl Handles
May 15, 2024
The July Brent futures flat price had a rangebound night and early morning, bouncing between $82.65/bbl and $83.00/bbl from 05:00 BST to 10:30 BST. Since then however, it has seen a fairly sharp downturn, falling around $0.50/bbl in 45 minutes
Daily Trade Idea: 15/05/2024
May 15, 2024
For Brokerage services across the barrel and to receive our weekly trade ideas, contact insight@onyxcapitaladvisory.com