16 June 2025: 09:30 BST
Friday’s attack sent Brent beyond $78, with traders noting money managers buying on the evacuation news, and retail piling in throughout the thin overnight liquidity. The buying Brent buying was almost entirely M1, seeing the front spread rip to $4, a clear sign of retail buying. This morning prices spiked beyond $76, before retracing after Europe came in, and front month Brent closed in Singapore at $73.70/bbl.
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.
