Please note that there will be a hiatus in the publication of reports between 22nd December and 2nd January due to the Christmas period. Reports will be published as normal from Monday 5th January 2026.
M1 Brent futures fell into yet another lull, with the 50-day moving average still acting like a brick wall for more than two months now. On the products side, CTA net positioning in ICE gasoil and CME heating oil has
The Feb’26 Brent futures contract rose this afternoon, from $62.57/bbl at 14:40 GMT to $63.50/bbl at 16:50 GMT. In the news, the Trump administration has approved transactions with Lukoil gas stations outside Russia, issuing a narrow waiver to the sanctions
The Feb’26 Brent futures contract remains highly rangebound. Price action continues to encounter resistance above the $63/bbl threshold, although support is seen at $62.75/bbl. At the time of writing at 10:00 GMT, the contract stands at $62.85/bbl…
In the week ending 02 Dec, M1 Brent futures saw almost no net change. The contract closed at $62.50/bbl on 25 Nov, reached $63.75/bbl on 01 Dec, and fell to close at $62.45/bbl on 02 Dec as volatility stagnated, and
The international propane market has held up w/w, although price action was shakier at the beginning of December. The Jan’26 Mont Belvieu TET propane swap contract (C3 LST) initially weakened to a low of 63.825c/gal on 25 Nov
The Feb’26 Brent futures contract initially rose from $62.77/bbl at 14:10 GMT to $63.29/bbl at 16:00 GMT, before falling to $62.68/bbl at 17:00 GMT (time of writing). In the news, Reuters has reported that remote-controlled Ukrainian explosives have struck the
The Feb’26 Brent futures contract has risen this morning, from $62.42/bbl at 06:00 GMT to $63.17/bbl at 10:00 GMT (time of writing). In the news, peace talks between the US and Russia failed to deliver a breakthrough, as Russian President
The Feb’26 Brent futures contract failed to maintain strength above $63/bbl this afternoon, declining from $63.06/bbl at 13:00 GMT to $62.21/bbl at 14:55 GMT. Prices then recovered to $62.83/bbl at 16:30 GMT (time of writing). In the news, Besiktas Shipping,
The North Sea physical differential climbed around $0.70/bbl this week, a significant shift from the negative diffs at the start of November. However, last week’s buy-side bias **has now turned shakier.** We saw a trade house sell-side of Dec weekly
We have seen trading volumes remain extremely low in December. This week, the M1 Brent/Dubai remained in its tight range between -$0.90/bbl and -$0.55/bbl, as it has been for most of November, as it moved sandwiched between the 100-day and
The M1 ICE LS gasoil swap crack has been under pressure, having closed at $28.35/bbl on 25 Nov, to remain flat at $26.00/bbl from 01-02 Dec. The contract is yet to break the 100-day moving average (orange line) meaningfully, with
The Feb’26 Brent futures contract eased this morning, from $63.32/bbl at 17:40 GMT to $63.00/bbl at 10:00 GMT (time of writing). In the news, Turkey’s Maritime Affairs Directorate reported that the MIDVOLGA-2 vessel, a Russian-flagged tanker loaded with sunflower oil,
Another week brings another selection of new trade ideas from Flux Insights. This week, we look at trades in NGL and Crude Our weekly Alpha report presents speculative and hedging trades based on technical analysis and data-driven tradecraft methods on
The gasoline complex quickly rebounded from the brief bout of weakness seen in the second half of November….
The naphtha swaps market has been relatively sideways when looking at the cracks, but the strength in Asia has continued to outpace its European counterpart. We are starting to see some better selling at these very strong levels. South Korea
