Mita Chaturvedi
Research Associate, Flux
Diverging Moves In Brent and Gasoil
In the week ending 20 Jan, the M1 Brent futures contract fell from a high of $66.80/bbl to a low of $63.40/bbl, where it met support....
Published: January 22, 2026
Written by:
Mita Chaturvedi
8 page report
In the week ending 20 Jan, the M1 Brent futures contract fell from a high of $66.80/bbl to a low of $63.40/bbl, where it met support and closed at $63.90/bbl. Prices notably strengthened the following day, rising above $65/bbl, but again saw resistance. The front-month Brent futures spread fell sharply from $0.75/bbl on 19 Jan to a low of $0.50/bbl the next day, but recovered from this level.
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