The July Brent futures flat price has had a limp afternoon, beginning at a high of $84.45/bbl at 12:00 BST, before a small retracement down to $84.05/bbl at 14:05 BST, at which point it immediately regained its losses, rising to
The Panama Canal is in talks with US LNG producers to increase transit through the passage as water levels begin to recover.
The July Brent Futures flat price has generally been well supported this morning, rising to a high of $84.50/bbl at 08:00 BST. Following this, it briefly softened to $84/bbl by 09:45 BST, before it swiftly rebounded to $84.30/bbl handles, where
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.
