1 May 2025: 16:30 BST
Brent rolled… out of bed and fell to the $60 floor! Yesterday afternoon’s pre-expiry selloff brought July Brent down to hover just
above $61 and it dropped on the open this morning. Brent slipped as low as $59.30 around lunchtime but fought to regain the $60
handle and even rose beyond $61.50 by 15:00 BST. A trader said confidently, this is the floor! After the June/July Brent spread was
so strong for so long, the July/August spread that’s now taken the position of prompt spread is languishing near 30c.
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.
