29 July 2025: 16:30 BST
The good vibes have truly returned to the market. $70 looked like a ceiling for a couple of weeks, as Brent struggled along with that hard cap, but today it decisively broke through! If breaking 70 was smashing through the glass ceiling, $71 was shooting for the stars. By the close, Brent had made it to $70.80/bbl and bust through to above $71 shortly after!
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.
