Brent Futures Sees Least Volatile Week Since 2021
March 8, 2024
The Brent futures flat price for the prompt contract has seen a quieter afternoon after the sell-off witnessed this morning.
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Fuel Report: Low Five for Hi5s
March 8, 2024
The HSFO complex has overall strengthened over the past fortnight, with notable strength concentrated in the East. In contrast, the East saw a rather bearish week in VLSFO with the Sing 0.5% structure selling off rapidly on the back of
Brent Plunges To Below The $83/bbl Mark
March 8, 2024
The Brent futures flat price for the prompt contract has seen a volatile morning. Price action initially strengthened from $83.26/bbl handles at 07:45 GMT to reach highs of $83.83/bbl at 09:25 GMT, however since then, price action has collapsed, falling
May Brent Futures Is Trading Around $83/bbl
March 7, 2024
The May Brent futures has seen a volatile afternoon with prices reaching lows of $82.10/bbl at 14:10 GMT although strengthened to $83.07/bbl at 16:25 GMT. At 17:00 (time of writing), the contract was seen trading at $82.94/bbl.
The Cheltenham Crude Cup
March 7, 2024
The Brent complex saw initial support stemming from renewed tensions in the Middle East as well as bullish fundamentals including a strong demand for prompt crude.
Brent Weakens To Low $82/bbl Handles
March 7, 2024
The Brent futures flat price for the prompt contract has seen a relatively choppy, yet weak, morning. Price action weakened from $83/bbl handles at 06:35 GMT to $82.34/bbl at 09:55 GMT, despite a small spike to $82.82/bbl at 09:30 GMT.
CFTC Predictor: Brent Looking Bullish
March 7, 2024
In addition to our regular Monday CFTC COT analysis report, Onyx Insight publishes its own in-house CFTC COT forecast ahead of the official Friday report.
Brent Reaches Highs Of $84/bbl
March 6, 2024
Prompt Brent futures flat price has seen a stronger afternoon, rising from $82.50/bbl handles at around midday to highs of $84/bbl at 16:20 GMT, before softening slightly to $83.62 at 16:55 GMT.
Brent Stays Well Above $82/bbl
March 6, 2024
The May Brent futures has been strengthening throughout the start of the day well above the $82/bbl mark. At 10:30 (time of writing), the contract was seen trading at $82.68/bbl.
Brent Futures finds Resistance at $83/bbl Handles
March 5, 2024
May Brent futures saw price action at $82.60/bbl at noon, followed by a steady correction down to $81.78/bbl handles around 13:20 GMT, and subsequently a mixed afternoon to settle around $82.36/bbl levels at the time of writing, 17:00 GMT.
Brentford Bulls vs Chicago Bulls
March 5, 2024
Although Lebron James recently hit the milestone of 40,000 points in the NBA, North Sea crude bulls are still stanning Michael Jordan in the GOAT debate. For the Dated Brent Bulls have had an impressive start to the year and
Highway To The Danger Zone
March 5, 2024
43 page report
We do, finally, seem to be, genuinely, I think, getting out of this yawn-inducing range on Brent futures.
The Bears Are Doing a Bad Job
March 5, 2024
The gasoline complex has seen bears entering the market although prices still seem to be supported to some extent. Here is a summary of what happened:
Brent Trades Below $83/bbl
March 5, 2024
The May Brent futures has slightly softened this morning with the contract opening below the $83/bbl mark and hovering around the same levels for the rest of the morning. At 10:00 GMT (time of writing), the contract was seen trading
Brent Finds Resistance At $84/bbl Level
March 4, 2024
The May Brent futures contract has experienced a mixed afternoon, rallying up from $83.01/bbl at 12:30 GMT, before seeing rejection at resistance levels around $84/bbl come 14:30 GMT and subsequently correcting downwards to trade at $82.75/bbl at the time of