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Heads of Desk: Top of Mind – Episode 49

The heads of Onyx Commodities' trading desks discuss the latest in the Oil Derivatives as of 26 May 2026
26 May 2026

US Equity Risk Premium Drops, shorts build in S&P 500, US consumer confidence hits record lows

This is historically unusual and signals that equity valuations are extremely stretched relative to interest rates...
26 May 2026

Latest reports

Brent Back Above $100/bbl

Brent tops $100 on US-Iran peace deal uncertainty; India refinery runs fall, Russian LNG scrutiny grows, Japan warns on Middle East risks.
4 page report
26 May 2026

Back to December (2022)

M1 Brent/Dubai surpasses $5/bbl; good buying interest in screen and OTC; Brent/Dubai open interest stagnates
26 May 2026

Brent Briefly Above $100/bbl

Brent oil hits $100 as US-Iran tensions rise; strikes in Hormuz, supply fears, Eni $4bn Ivory Coast boost, Santos expansion outlook rise
4 page report
26 May 2026

Bearish Retreat

Brent futures retreats into Ichimoku cloud; Brent spreads sees steady bearish momentum; RBOB cracks correct from overbought
9 page report
26 May 2026