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 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
Weakness in crude has significantly driven naphtha cracks higher, as naphtha cracks rose from -$6 on 31 July to highs of -$4.50/bbl in the prompt. This marks the highest level for an M1 crack since early June. Due to concerns
The Oct’25 Brent Futures contract initially rallied to $66.00/bbl at 09:40 BST before falling to $65.78/bbl at 09:58 BST. Prices have climbed back up to $65.93/bbl at 11:20 BST (time of writing). In the news, Reliance Industries, India’s largest buyer
In line with these quite weak outright price movements, Flux Insight’s CFTC Predictor anticipates an unwinding of long managed-by-money positioning and a rise in speculative length in ICE Brent futures and RBOB futures in the week ending 12 Aug. On
The Oct’25 Brent crude futures declined by $1 on Wednesday afternoon, falling from $66 to $65/bbl. The prevailing direction of prices is increasingly bearish as headlines develop ahead of the Trump-Putin summit of Friday, with European leaders speaking to both
In the Middle East, Aug CP gradually stabilised around $525/mt in the final week of July, with Aug/Sep’25 CP trading up to -$3/mt. However, the Aug CP settlement was announced at $520/mt for propane and $490/mt for butane. The weaker
The Oct’25 Brent crude futures reached a daily high of over $66.30/bbl at 07.47 BST before weakening to $65.78/bbl at 11.28 BST (time of writing). The IEA projects global oil supply to outpace demand through 2026, with output rising 2.5
The front-month (Oct’25) Brent futures contract has been rangebound between $66 and $66.65/bbl this afternoon, with prices sitting at $66.16/bbl at 17:25 BST (time of writing). OPEC, in its latest oil market report, increased its global oil demand forecast by
The Brent/Dubai has seen a period of consolidation over the fortnight as its downtrend has been halted. While the Bal-Aug’25 contract is pricing below -$2/bbl, the Sep’25 Brent/Dubai bottomed out at -$1/bbl and is trading rangebound with an upper bound
M1 Brent futures saw a bearish week with consecutive lower closes, as prices fell from $70 to below $66/bbl.
The North Sea physical differential initially climbed from $0.765/bbl on 22 Jul to $0.85/bbl on 23 Jul, although it finally weakened to $0.36/bbl on 28 Jul
The Oct’25 Brent crude futures was rangebound and traded between $66.50 to $67/bbl on Tuesday morning, printing $66.86/bbl at 11:00 BST (time of writing). Brent’s bearish trend was halted this week as in the money shorts likely took profit, while
The front-month (Oct’25) Brent futures saw support this afternoon and briefly breached the $67/bbl handle at various points, the most recent of which was seen at circa 15:05 BST. However, the contract met resistance here and eased to $66.40/bbl by
Another week brings another selection of new trade ideas from Flux Insights. This week, we look at trades in Gasoline, NGL and Distillate swaps. Our weekly Alpha report presents speculative and hedging trades based on technical analysis and data-driven tradecraft
Finding a floor? The M1 Brent futures contract fell sharply in August, breaking below the 100-day moving average on 5 Aug, before finding support around $65.50/bbl. Market sentiment remains unsettled amid Washington’s pressure on New Delhi to reduce its purchases
