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Hedge Fund Net Shorts on Brent Up to $18Bn, Trump Announces Nuclear Loans

Fed hike odds rise, stocks slide, dollar surges. Micron leads AI rally as nuclear investment and housing show strength.
24 June 2026

Heads of Desk: Top of Mind – Episode 52

The heads of Onyx Commodities' trading desks discuss the latest in the Oil Derivatives as of 23 June 2026
23 June 2026

Latest reports

Contang-oh no!

Nevertheless, the Strait of Hormuz is open, and thus, oil shall flow.....
16 page report
25 June 2026

The Fuel (Oil) Must Flow

HSFO selling pressure eases with E/W recovering toward $10/mt, while VLSFO remains bearish on heavy E/W selling.
25 June 2026

Brent spread contango, and Iraq threatens to leave OPEC

Brent softens as supply concerns ease; Iraq quota dispute and Iran flows in focus, while prompt Brent spreads are in contango.
25 June 2026

Funds Bullish in Crude and Products

Funds slash buy-side risk in crude but add to it in products
8 page report
25 June 2026