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The heads of Onyx Commodities' trading desks discuss the latest in the Oil Derivatives as of 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.
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.
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..
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
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