08 August 2025: 16:30 BST
And just as we thought we were having one of the quietest afternoons, boom boom, prices came crashing down! We hope you weren’t long in the early afternoon session! If you are like our European neighbours -here reporting from the UK- who like to take an afternoon nap after lunch, we feel sorry for you, because Brent went for a skydiving session! Don’t get caught napping. Remember, you snooze, you lose! Prices fell from $67.03/bbl all the way down to $65.52/bbl in just 8 minutes. Brent said hasta la vista to the $67 level -for now. The orange man wants cheap oil and he gets it! You can argue with his tactics, but you cannot argue with the end result 🤣.
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). For any comments, please reach out to us through the emails provided in the signed documents.
