Jul Brent futures began the week supported to stable mid-$83/bbls amid the news of Saudi hiking OSPs for the third consecutive month, with Arab light for Jun delivery has increased by 90c/bbl to $2.90/bbl. The market returned from the thin
A steady but strong downward trend was felt in the market for much of this week as Buffalo Bear directed pessimism which was hard to counter with any real conviction
The July Brent Futures flat price has had a fairly rangebound afternoon. Having risen to a daily high of $84.35/bbl at 12:00 BST, it is has seen a steady decline to twice fall to $83.50/bbl at both 14:25 BST and
The Brent Futures contract has seen a mixed morning, rising from high $83/bbl levels in the early morning to peak at $84.33 at 9:06 BST, before retracing and eventually settling around $84.18.
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
Jun FEI/CP rallied to $44.50/mt on Apr 26 following market confusion as the CP release was put out early and supported buying in the FEI/CP.
The July Brent Futures flat price had a weak start to the afternoon, reaching a low of $82.05/bbl at 13:30 BST before aggressively shooting up to a high of $83.80/bbl at 16:45 BST, after which it retraced down slightly and
The July Brent Futures flat price has had a weak morning, ticking down consistently since its high of $82.80/bbl at 05:00 BST. Significantly, the morning saw the contract drop into $81/bbl handles, and reach a low of $81.80/bbl at 10:30
MurbanMania – Overall bearish price action in Brent/Dubai has been unsurprising and the rolldown is generally expected.
The July Brent Futures flat price has had a choppy afternoon, which it began in $83.00/bbl handles, before dipping twice to $82.55/bbl and $82.45/bbl at 14:05 BST and 15:45 BST, respectively.
This past fortnight has seen naphtha in Asia and Europe rally into May before finally reaching a plateau in the past week as the rally ran out of steam. Naphtha cracks have reversed from their downtrend seen in the first
After a prolonged bull play in the North Sea physical, Gunvor flipped to aggressively selling Midland and Forties cargoes into the new month
