30 June 2025: 16:30 BST
June and Q2 ended literally in fireworks if not bombs. What a month it has been. It’s been chaotic: traders had complained last year about lacking volatility, but they’ve certainly got their fix over these last 6 months! From $80+ to sub-$60 and back up and down again. Wide grins to wonky smiles in the Brent futures structure… We entered June under the misplaced expectation of calm, as the market seemed to have finally sussed out that OPEC numbers are nonsensical and waited to see what comes of the end of Trump’s tariff truce.
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.
