20 September 2024: 16:30 BST
The oil markets felt squishy, like a punch-drunk boxer in the final round of a losing bout. Hmm, the analogy reminds me of a former presidential candidate, but we move on. Crude’s got that Friday feeling. Sadly, it’s a dreary, heavy feeling going into the weekend being glad that the week’s over time to rest and see if the recent gains can be consolidated. Prices have done well since Power Powell waved his magic wand. But since Q2 this year, in US sessions crude has only had two Fridays that were up by more than 1%, so there really is the sense it’s just making it to the weekend rather than thriving at its day job.
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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