The Oct’25 Brent futures contract has been rangebound in the $66/bbl handle this morning: price action climbed from $66.05/bbl on 06:50 BST to $66.72/bbl on 09:45 BST, where it met resistance and eased to $66.15/bbl at 11:00 BST
A persistent trend in the Dated Brent complex this month has been one-week rolls selling off into pricing, revealing that the strength implied in the curve fails to materialise in the physical. Aligning with this, we saw significant 18-22 Aug
Oct’25 futures reached resistance at $66.20/bbl this afternoon between 15.00-17.00 BST, but softened to $65.90/bbl at 17.26 BST at the time of writing. Ukrainian President Volodymyr Zelenskyy announced that, after the Washington summit, Ukraine is now working with allies. “We
Following the recent sell-off, M1 Brent futures stabilised and saw a rangebound performance over the week, trading between the $65 and $67/bbl level.
The Oct’25 Brent Futures contract was softened overnight and this morning, reaching $65.75/bbl at 10.19 BST, rising slightly to $66.00/bbl at 11.15 (time of writing). Zelenskyy praised “significant” talks with Trump and European leaders on ending the war, while UK
This afternoon Oct’25 futures reached a low of $65.30/bbl at 14.35 BST but strengthened to $66.18/bbl at 17.52 BST, a level we have seen resistance from around midday yesterday. European leaders are at the White House for Ukraine talks with
Another week brings another selection of new trade ideas from Flux Insights. This week, we look at trades in Middle Distillates and Crude Oil Swaps. Our weekly Alpha report presents speculative and hedging trades based on technical analysis and data-driven
This week, we expect oil prices to remain pressured and inch down to between $63.00-65.00/bbl. We focus on the following three drivers of price action this week: President Trump’s meeting with Putin over the weekend caused little splash in the
In the week ending 12 Aug, the two major crude oil benchmarks (Brent and WTI futures) extended their price decline. However, the bearish momentum weakened as prices consolidated. Ahead of the US-Russia summit in Alaska, money managers took an increasingly
The Oct’25 Brent Futures contract gapped down from $63.14/bbl at 220.00 BST to $62.74/bbl at 02.01 BST, recovering over the morning, softening to sub-$62.70/bbl around 09.00 BST and rising to $63.15/bbl at 11.13 BST (time of writing). President Donald Trump
The Oct’25 Brent crude futures trended between $65.90 and $66.60/bbl on Friday afternoon. Prices have been rangebound between $65 and $67/bbl this week. Markets are in a wait-and-see mode ahead of the Trump-Putin summit. Trump posted “HIGH STAKES!!!” on Truth
HSFO markets were choppy w/w but largely rangebound in the fortnight ending 15 Aug, with the 3.5% barge crack swinging from -$4.46/bbl to -$2.10/bbl on 7 Aug before retreating to -$4.10/bbl at the time of writing.
The Oct’25 Brent Futures contract fell to $66.15/bbl at 09:54 BST before recovering to $66.50/bbl at 11:35 BST (time of writing). In the news, US President Trump is set to meet Russian President Putin in Alaska on 15 August, with
Unusually, the eyes of the world are turned to Alaska, the Last Frontier, to find a solution to a significant frontier to peace in our time. Trump says Putin ‘wants to get it done’ at tomorrow’s Alaska summit, and he
The Oct’25 Brent Futures contract rallied to $66.67/bbl at 14:21 BST before softening to $66.22 at 15.20/bbl. Prices have since bounced back to $66.70/bbl at 17:15 BST (time of writing). In the news, Phillips 66 has reduced gasoline output at
