Flux Markets | Rebalancing Act Skip to main content

Rebalancing Act

Oil complex volatile but bullish: Brent eyes $100, spreads firm, cracks correcting short-term but uptrend intact.
Published: March 10, 2026
Written by:
Martha Dowding

Martha Dowding

Research Associate, Flux
Martha Dowding
and
Vincent Wu

Vincent Wu

Research Associate, Flux
Vincent Wu
9 page report
Share

An extremely volatile week in Brent futures, where prices opened above $116/bbl on Monday before falling by $30 over the day, trading below $100/bbl (time of writing).

Premium Content

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

Related News

Brent Falls to $91.60/bbl

Iran threatens to halt Gulf oil flows as US vows retaliation; India rations gas and Bangladesh scrambles for diesel supplies.
4 page report

Brent Declines to $98.80/bbl

G7 holds off reserves release as Iran risks grow; India buys Russian crude and Saudi intercepts drones near key oilfield.
4 page report

East/West Ignition

Eastern gasoline leads the rally, the East/West flips positive, selling in deferred EBOB cracks
14 page report

Brent Breaks $100/bbl

Brent tops 100 for first time since 2022 as Hormuz closure disrupts exports; IEA weighs reserves while producers declare force majeure.
4 page report