12 June 2025: 09:30 BST
The market’s twitchy! There are lots of itchy small fingers hovering ominously over big red buttons. But it is Taco Thursday, so don’t worry! The buy button was in hot demand as Brent surged – and $70 was so close it could almost taste it! It peaked at $69.92/bbl but failed to get a hold on the elusive handle – it would have been the first time since 3 April, just after Trump barged into the world economy with a huge machete on ‘Liberation Day’. While Brent failed to breach $70, GME reported Oman futures trading at $70.20 early in Singapore! Crude oil outside of the Strait of Hormuz is particularly tasty in the event of an almighty mess. Imagine the impact of gasoline for the summer driving season in the US. But we really hope cooler heads prevail and respect the sovereignty of countries, while doing what is best at home!
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.
