12 March 2025: 08:30 GMT
Every time that Brent sneaks above $70, the peak is getting lower. On 7 March, it made it all the way up towards $71.40, then on 10 March to $70.85, and yesterday to $70.40. This morning it hardly reached $70.20. As the peaks get gradually lower, it looks like $70 is on its way to becoming a ceiling.
In ‘The Officials’, Onyx Capital Advisory publishes outright values, spreads, cracks and boxes for the main energy commodities traded in the marketplace. The published values are determined independently and on a fair market basis by our team of dedicated professionals.
We invite you to read our reports, which will initially be published twice a day, reflecting closing values at 16:30 Singapore time (SGT) and at 16:30 London time (GMT/BST).
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