02 September 2025: 16:30 BST
After the blistering take off on the entry of European liquidity this morning, Brent flat price cratered in the early afternoon, plunging from its high above $69.50 to near $68! It bedded down in the afternoon session, holding on to $68.81/bbl by the European close. Why, ‘because Russia said something about peace talks,’ said a source. Later the flat price continued to rise like, I want to see 70, kind of thing. The prompt spread got a battering too, tumbling back to the mid-50c range, having been pushing towards 70c this morning.
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.
