Flux Markets | Brent moves in a narrow range around $66.30/bbl Skip to main content

Brent moves in a narrow range around $66.30/bbl

The front-month (Apr'26) Brent futures contract has been fairly rangebound this morning, with prices first dropping from $66.20/bbl....
Published: February 3, 2026
Written by:
Mita Chaturvedi

Mita Chaturvedi

Research Associate, Flux
Mita Chaturvedi
4 page report
Share

The front-month (Apr'26) Brent futures contract has been fairly rangebound this morning, with prices first dropping from $66.20/bbl at 08:35 GMT to $65.25/bbl at 09:15 GMT, before recovering to $66.33/bbl by 10:36 GMT (time of writing).

Premium Content

To continue reading this page, please login or find our about our subscription options.

Related News

Double Trouble!

Edition: Euro EditionVolume: 3Issue: 23
US shoots down Iranian drone! North Sea window mania. And distillate seesaws

Bullish Symposium

Bullish Brent structure rolls into February: strong physical, heavy Feb buying, elevated freight, and spreads suggest momentum can persist.

Brent Rallies to $67.67/bbl, Eases

Brent rangebound then firmer. Iran tensions rise, Venezuelan flows to US/EU resume, tanker rates surge, US refiner posts strong earnings.
4 page report

Brave New Dubai

Another week, another sudden reversal in Brent/Dubai! Last week, the Mar'26 Brent/Dubai remained sticky at the $0.85/bbl level, although....

More about Donald Trump

The Daddy of all Deals!

Edition: Asia EditionVolume: 3Issue: 23
A mega deal makes everyone happy! Dubai gains some ground and Kuwait has big oil plans...

The Art of the Half-Baked Deal!

Edition: Euro EditionVolume: 3Issue: 22
US-India trade deal... maybe, North sea window reversal and TTF takes a tumble.

Tick Tock on the Geopolitical Clock

January 2026 saw a remarkably bullish start to the oil market, with Brent pushing above $70/bbl even as the prevailing consensus had...
16 page report

TACO TIME!

Edition: Asia EditionVolume: 3Issue: 22
Trump loves his Tacos, Dubai is strong out of the gate in February, and more mixed messages from China.
Flux Markets
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.