Brent Increases 12% in Q1’24
March 28, 2024
June Brent futures flat price rose gently overnight but failed to pass $86/bbl, leaving it trading around $85.75/bbl at 0640 GMT (time of writing).
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Brent trades at $85.10/bbl alongside EIA-announced crude build
March 27, 2024
The Brent futures flat price for the Jun contract initially dropped to $84.97/bbl briefly at 12:45 GMT before recovering its losses and reaching a high of $85.51/bbl at 15:15 GMT and then retraced to $85.12/bbl by 17:15 GMT.
LPG Report: FEI-gning strength
March 27, 2024
The LST/FEI arb firmly rebounded over the fortnight and rallied almost $40/mt to -$160/mt handles come Mar 24. On the other hand, the May FEI/CP diff witnessed incredibly bearish tides with an overarching CP complex relative to FEI.
Brent Comes Off to $85/bbl Handles
March 27, 2024
The Brent futures flat price for the June contract has been retracing downward this morning, reaching a low of $84.59/bbl by 09:00 GMT with a recovery to just over $85.00/bbl by the time of writing (10:00 GMT).
Brent Hovering Just Below The $86/bbl Level
March 26, 2024
The Brent futures flat price for the Jun contract took a small downturn to reach a low of $85.45/bbl at 14:35 GMT. However, the contract managed to regain some strength retracing to above the $86.00/bbl mark by 15:50 GMT, yet,
Comfort Zone: Dubai Market Report
March 26, 2024
This fortnight in the Dubai market, we see the market once again tied to ranges.
Maintenance
March 26, 2024
With maintenance barrels being priced, the North Sea crude market saw an incredibly bearish week in the prompt as physical differentials surged below $0/bbl into the end of last week…
Nimbostratus Naphtha
March 26, 2024
This past fortnight has seen a generally weaker naphtha complex in both regions, yet, more exacerbated in the East, as Apr E/W fell to single digit figures.
Brent Futures Sideways at $86/bbl
March 26, 2024
The Brent futures flat price for the June contract has had a rangebound morning. Price action saw a small surge reaching $86.23/bbl at 09:15 GMT, before coming back down to just below the $86/bbl mark by the time of writing
Trade Wars: A New Alpha
March 26, 2024
Our weekly Onyx Alpha report presents speculative and hedging trades based on technical analysis and data-driven tradecraft methods on Onyx Commitment of Traders (COT) and Flux Financials data.
Brent finds support as Russia tightens supply
March 25, 2024
The Jun Brent futures contract strengthened over the afternoon, climbing to $86.40/bbl at 14:50 GMT, but retraced to $85.90/bbl at 17:10 GMT.
CFTC Report: Goodness Gracious, Great Bulls Of Fire
March 25, 2024
For the week to Mar 19, the crude futures witnessed an atmosphere of bullishness from money managers.
Futures Report: Price Action Stagnation
March 25, 2024
Technical indicators for June revealed a week of consolidation and widening Bollinger bands. Brent’s RSI briefly entered overbought territory before coming off as prices corrected lower.
This Week’s Target Price: $86-87/bbl
March 25, 2024
Oil prices registered some strength overnight on the back of support generated in the early hours of Asian trading with the Jun Brent futures climbing to $85.40/bbl at 03:20 GMT. The futures eased to $85.35/bbl come 09:20 GMT, but remain
Brent Finding It Hard To Remain Above The $86/bbl Mark
March 25, 2024
The Brent futures flat price for the prompt contract has seen a relatively volatile morning. Price action initially held just below the $86/bbl mark, however, after reaching lows of $85.55/bbl at 08:45 GMT, prices found support to climb to $86.17/bbl
