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.
Onyx Capital Group is proud to announce the appointment of Chris Gooder as the new Performance Director for Trading. With a distinguished background in Performance Psychology, including notable experience in Formula 1, Gooder brings a wealth of expertise in optimising
Prompt Brent futures flat price has witnessed a relatively weak afternoon period. Prices were initially stable around the $90.50/bbl mark, reaching highs of $90.71/bbl at 13:10 BST. However, since then prices slipped lower, reaching $89.56/bbl at 16:12 BST.
This past fortnight has seen a far weaker naphtha complex in both regions, yet, the East has performed slightly better in the past couple days.
The past fortnight forced the May Brent/Dubai out of its range, with price action plummeting from +15c/bbl on Mar 25 to a low of -40c/bbl on Apr 02.
The Brent Futures prompt contract has seen a volatile morning, opening around $90.60/bbl before oscillating from lows of $90.40/bbl up to highs of $90.93/bbl at 08:50 BST.
With another week comes a fresh slew of trade ideas by Onyx Research.
Refinery margins calculate a refiner’s profit margins – and usually, we see Asian margins tower over their European counterparts. Why then have M1 Asian margins lately fallen under European margins? Find out the “crude” details about this in our latest
The Jun Brent futures contract corrected to below $90/bbl over the afternoon, falling to $89.55/bbl around 17:00 BST where it found support and rallied to $89.90/bbl at 17:25 BST.
Raid the Bull Market Armoury and Prepare for Carnage – Finally, things are coherent in the oil markets.
The Brent futures flat price for the prompt contract initially saw a slight pull back and dipped to below the $89/bbl mark in the early hours. However with the prospect of war still very apparent, the contract has strengthened once
For the week to Apr 02, the combined positions by money managers in Brent and WTI showed a return to bullish positioning, overall.
Technical indicators for the current period highlight contrasting trends across product groups. Brent’s RSI remains in overbought territory, reflecting recent sharp price increases tempered by easing Middle East tensions. Gasoil shows renewed strength, with a firm RSI and widening Bollinger
Oil prices clocked in a momentous week with the June Brent futures contract jumping from $88.80/bbl at 17:00 BST on Apr 04 to the sanctified $90/bbl marker just two hours later and ending the week coming close to $92/bbl.
The Brent futures flat price for the Jun contract reached a low of $90.62/bbl at 13:20 BST before retracing and reaching $91.25/bbl around 14:25 BST. Flat price then slipped back down to $90.69/bbl by 14:55 BST and then found support
