Naphtha & Gasoline reports
Please note that these reports will now be published every Thursday.
It was a week of de-risking and quiet in the Dated Brent crude oil benchmark amid the Easter break. The North Sea Dated Brent physical differential has been rangebound this fortnight, climbing from under $1.05/bbl on 4 Apr to nearly
The front-month Brent futures contract strengthened this morning, climbing from below $65/bbl around 04:45 BST to $66.75/bbl at 06:35 BST. Prices have since softened to $66.45/bbl at the time of writing (07:20 BST), although this still marks the highest level
The Jun’25 Brent crude futures climbed steadily on Thursday, from around $66.20/bbl at 08:00 BST to $66.90/bbl by 13:30 BST, surpassing highs reached earlier in the morning. Prices are trading at their highest levels in two weeks, and are on
Appropriately for the season, this week has been one of renewed optimism. Headline fatigue feels pretty overwhelming, but margins are healthy, inflation in the States is down, and Cushing saw a weekly draw. So, whether it’s derisking, a weaker USD
The front-month Brent futures contract strengthened this morning, climbing from below $65/bbl around 04:45 BST to $66.75/bbl at 06:35 BST. Prices have since softened to $66.45/bbl at the time of writing (07:20 BST), although this still marks the highest level
In addition to our regular Monday CFTC COT analysis report, Onyx Insight will publish its own in-house CFTC COT forecast ahead of the official Friday report. The model forecasts changes in long and short positions using machine learning, utilising Onyx’s
This afternoon the Jun’25 Brent Futures contract saw prices rally to $66.07/bbl at 15:44 BST before coming down to $65.57/bbl at 16:14 BST. Prices have since gained some support and are at $66.09/bbl 18:20 BST (time of writing). In the
The Jun’25 Brent futures contract saw another volatile morning, prices jumped by $0.85/bbl to $65.27/bbl at 09:28 BST and have since some support at $65.29/bbl at 12:00 BST (time of writing). Bloomberg reports that China is open to talks if
The front-month Brent futures contract opened at $60/bbl on 9 Apr and fell below this level for the first time since March 2021. The contract met support here and rallied to close at $65/bbl on the same day. Prices have
The Jun’25 prompt Brent futures contract saw a volatile afternoon, with prices jumping quickly up to $65.13/bbl at 15:15 BST before dropping down to $ 64.24/bbl at 16:46 BST only to move up to $64.70/bbl at 18:20 BST (time of
The Dated market has retreated from the bullish hysteria since our last report on 1 April. There, intense stop-out flows saw decade-high trading volumes in the DFL. While the physical was more quiet, the futures was a completely different beast,
The Jun’25 Brent future contract saw price move up to $65.32/bbl at 08:08 BST before dropping down to $64.31/bbl at 11:03 BST. Prices have since bounced back to $64.53/bbl at 12:10 BST (time of writing). In the news, emerging market
The Jun’25 Brent futures contract rallied up to $65.81/bbl at 12:15 BST before falling off to $64.12 /bbl at 17:12 BST and have currently slightly bounced back up to $64.37/bbl at 17:32 BST (time of writing). OPEC cut its 2025
The run-up of anticipation and speculation ahead of the ‘Liberation Day’ tariff announcements by President Trump pushed RBOB futures higher. Jun’25 RBOB futures closed at over $2.30/gal on 02 Apr but gapped down the following day and fell to find
Another week brings another selection of new trade ideas from Onyx Research, this time looking at trades in propane and jet fuel swaps. Our weekly Onyx Alpha report presents speculative and hedging trades based on technical analysis and data-driven tradecraft
