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The heads of Onyx Commodities' trading desks discuss the latest in the Oil Derivatives as of 1 September 2026
US 10-Yr Yields At Highs, Market Watches Jobs Data, Chile Copper Decline
10Y hits 19mo high as Bessent's bond fix falters; jobs week ahead; GCC pulls capital home; China PMI contracts; Chile copper output slumps.
LATEST REPORTS
Brent Firms Amid Reports of New US Strikes
Brent holds near $92.67 as US strikes Bandar Abbas; Russia cuts oil forecast to 17-yr low; LNG "dark fleet" doubles.
Brent/Dubai Slip ‘N Slide
Dubai premium jumps to $15.81 as Chinese buying dries up offers; Brent/Dubai crashes below $2 amid heavy selling; desk stays bearish.
The Sooner the Weaker…
The physical differential inches up with the weakness localised in the prompt weeks
Brent trades higher as VLCCs struck in the Strait of Hormuz
Brent trades up to $92 amid escalating tensions in the Strait of Hormuz, two outbound VLCCs struck by projectiles