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Heads of Desk: Top of Mind – Episode 50

The heads of Onyx Commodities' trading desks discuss the latest in the Oil Derivatives as of 02 June 2026
2 June 2026

S&P Reaches Highest Level On Record, Negotiations Break Down, Sulfur Prices Double

Stocks hit records on AI mania and crowded positioning, while oil, copper and refinery stress signal inflation risks.
2 June 2026

Latest reports

Grinding Lower

Physical weakness, a wider downtrend, but July paper buying
2 June 2026

Du-buy Partials

Going into pricing, the physical support coincided with sudden strength in prompt Dubai spreads..
2 June 2026

Slow Motion

Brent, spreads and cracks stay mostly bearish; support levels under pressure as momentum softens. Downside favoured, except gasoline E/W.
9 page report
2 June 2026

Brent softens amid conflicting headlines

The drop in prices came with US President Donald Trump saying talks with Iran were ongoing. President Trump also said, in a Truth Social...
4 page report
2 June 2026