29 September 2025: 09:30 BST
The oil market was walloped! By mid-morning London time, Brent was down near $69 following its earlier tryst with 70 bucks. But $70 is the ceiling, remember? We have been telling you that unless something big and fundamental changes, the market will bounce between $65-70/bbl. At the moment we are still in the upper band but signals from Asia are that the Chinese are not so keen to load up at $70/bbl, they are flat price sensitive after all.
The Officials publish 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 are 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.
