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Heads of Desk: Top of Mind – Episode 59

The heads of Onyx Commodities' trading desks discuss the latest in the Oil Derivatives as of 4 August 2026
4 August 2026

US Equities, Japanese Yield Highs, Palantir Surge, Amazon Crosses $3T Market Cap

US stocks rally on strong data and earnings, but rising global bond yields signal higher capital costs and growing market tension.
4 August 2026

LATEST REPORTS

Brent Fallen On Hopes of Peace Deal This Week

Brent falls as Hormuz reopening talks progress; Syria cuts Russian oil reliance, Japan builds reserves, and Russia fuel exports slump.
4 August 2026

Open Interest, Closed-off Sentiment

Open interest in the Sep'26 Brent/Dubai contract surges above all-time highs, but liquidity is poor, with low volumes driving price action..
4 August 2026

This Time Is (Diff)erent

Prompt tightness in Dated Brent amid continued CPC disruptions; physical differential nears $4/bbl with all BFOETM grades bid except Brent
4 August 2026

Brent trades higher amid geopolitical uncertainty

Brent trades up to $86/bbl amid uncertainty around negotiations; crude loadings resume at CPC; Aramco reports 33% rise in Q2 profit
4 August 2026