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The Officials: The Liquidity Report 1.22

08 July 2025

After a less hectic week and the US bank holiday, in the week ending 4 July 2025, exchange traded futures volumes declined w/w across all instruments and across the three front tenors with the only exception being the October Heating Oil future contract (up 9.74%). Brent and WTI saw the biggest drop in exchange trade volumes for the front month contract, down 41.18% and 49.87%, respectively. For WTI, volumes in October and November contracts decreased by 42.70% and 47.72%, respectively.

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.

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