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.
The July Brent futures flat price has had an action-packed afternoon. Having initially found resistance at $85.30/bbl, prices dropped to $84.80/bbl, before immediately rallying to the afternoon’s high of $85.80/bbl. Subsequently, from 15:30 BST onwards, the price collapsed below $84/bbl
The buyside players in previous physical windows were notably absent in the cash on expiry day, showing that the bullish sentiment was just not it.
The July Brent futures flat price reached a peak of $87.75/bbl at 13:45 BST before collapsing to a low of $85.46 at 14:40 BST. Since then it has retraced higher and is currently hovering around $86.20/bbl handles.
EBOB cracks saw a fortnight of two halves with the Jun crack first selling off and then recovering to $23.40/bbl come Apr 29.
The July Brent futures flat price has been well-supported this morning following a rangebound night and a subsequent drop. Between 01:00-06:00 BST prices hovered between $87.00-$87.20/bbl, after which a low of $86.84/bbl was reached at 06:45 BST. Subsequently a rally
With another week comes a fresh slew of trade ideas by Onyx Research.
The July Brent futures flat price has seen a downturn this afternoon, with price action initially rising to $88.20/bbl at 12:50 BST, before dropping as low as $87.08/bbl at 16:00 BST.
For the week to Apr 23, we saw similar positions adopted by bullish money managers across the two benchmarks, whilst their bearish counterparts opposed one another.
Technical indicators show that the July Brent futures contract still trades in the neutral territory although with a low RSI reading and amid narrowing Bollinger bands, signalling limited volatility.
The July Brent futures flat price has seen a slight uptick this morning, with price action initially remaining flat around $87.50/bbl handles between 03:30 and 07:30 BST, before briefly weakening to as low as $87.33/bbl at 07:40 BST. Since then,
Brent crude futures erased last Friday’s gains amid renewed Israel-Hamas peace talks which has moderated geopolitical tensions. The July contract was trading above $89/bbl handles on Friday before gapping below $88/bbl on Monday, trading at $87.50/bbl by 08:30 BST. Following
The June Brent futures flat price has witnessed a mixed afternoon, with price action initially strengthening to reach a peak of $89.82/bbl at 13:15 BST, before weakening to a low of $88.83/bbl at 15:50 BST.
German gas consumption rebounded sharply in the week to Apr 21 due to colder weather, with stocks at 67.2% of capacity compared with 69.1% the previous week.
The Brent futures flat price for the prompt contract has witnessed a mixed morning. Price action initially strengthened to reach a peak of $89.68/bbl at 08:15 BST, before retracing to below the $89/bbl mark, printing at $88.97/bbl at 10:05 BST.
June Brent futures flat price fell below $87.40/bbl at 15:50 BST before recovering to around $87.90/bbl at 17:00 BST (time of writing).
