13 May 2025: 16:30 BST
After dithering throughout the Asian session, Brent found some upward momentum in the late morning and powered on up, climbing from below $65 to burst above $66 to close at $66.18/bbl. Despite this rally, the market felt woozy today, lacking umph as though its mind was on other things, like trying to guess where Trump’s Gulf visit would lead. Brent futures time spreads were treading water through much of the session, coming to the close at 44c. The fun was in the product cracks, as gasoline fell off its perch and diesel fought its way upwards – see more on this on page 2!
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).
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