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Flux News

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Heads of Desk: Top of Mind – Episode 33

The heads of Onyx Commodities' trading desks discuss the latest in the Oil Derivatives Markets
3 February 2026

Strong US Data, Commodity Volatility, Indian Stock Market

Strong US data lifts yields & USD; rate-cut hopes mispriced. Commodities volatile. RBA hike boosts AUD. India-US trade deal sparks rally.
3 February 2026

Latest reports

Bullish Symposium

Bullish Brent structure rolls into February: strong physical, heavy Feb buying, elevated freight, and spreads suggest momentum can persist.
3 February 2026

Brent Rallies to $67.67/bbl, Eases

Brent rangebound then firmer. Iran tensions rise, Venezuelan flows to US/EU resume, tanker rates surge, US refiner posts strong earnings.
4 page report
3 February 2026

Brave New Dubai

Another week, another sudden reversal in Brent/Dubai! Last week, the Mar'26 Brent/Dubai remained sticky at the $0.85/bbl level, although....
3 February 2026

Critical Support in Brent Futures Ahead

Brent pulled back after a breakout, holding key technical support. Momentum stays bullish but crowded, pointing to limited near-term upside.
9 page report
3 February 2026
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