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.
In the week ending 5 Aug, the two major crude oil benchmarks (Brent and WTI futures) declined sharply, reversing the bullish sentiment from the previous week. The market focused on economic headwinds, increased supply. The bearish catalyst was on Friday,
Oct’25 Brent Futures softened in the early morning but saw support at $65.90/bbl between 07.30-09.00 BST before it rose to $66.70/bbl at 11.17 BST (time of writing). Guyana’s oil output has surpassed 900kb/d, boosted by ExxonMobil’s launch of the Yellowtail
The Oct’25 Brent crude futures strengthened throughout the day before losing almost a dollar in a minute, to $65.84/bbl at 15.08 BST following the Russia/US talk headline. Prices have corrected to $66.90/bbl by 17.19 BST (time of writing). Washington and
Oct’25 Brent Futures sank in the early morning to a low of $65.80/bbl at 07.43 BST but rose to $66.80/bbl at 11.10 BST (time of writing). Pakistan Refinery Limited (PRL) will import its first Nigerian Bonny Light crude shipment from
Trump’s drums of liberation are relentless, and India is the latest country on the receiving end of that “liberation”. Perhaps, a special gift ahead of India’s Independence Day next Friday.
The Oct’25 Brent crude futures weakened from $67.30/bbl at 13.55 BST to $66.47/bbl at 16.41 BST before correcting slightly to $66.90/bbl by 17.36 BST (time of writing). US President Donald Trump and Russian President Vladimir Putin are expected to meet
The gasoline market softened into the latter half of July, with Oct’25 RBOB – Brent futures (RBBR) reaching resistance at $14.80/bbl and seeing lower highs to reach support at $12.55/bbl on 01 Aug. There has been good support in the
The October Brent Futures contract has seen a mixed overnight session, initially trading rangebound between $67.20/bbl and $67.60/bbl before falling sharply at 09:00 BST to $66.70, and subsequently rising back to $67.45/bbl, where it trades at the time of writing,
In line with these price movements, Flux Insight’s CFTC Predictor anticipates an unwinding of long managed-by-money positioning and rise in speculative shorts in ICE Brent futures and ICE gasoil futures in the week ending 5 Aug.
The Oct’25 Brent crude futures weakened on Wednesday afternoon, falling from $69/bbl to $67.20/bbl before rebounding towards $68/bbl by 17:45 BST (time of writing). In the news, Saudi Aramco raised the OSP for Arab Light to Asia by $1/bbl to
The Oct’25 Brent futures contract has seen more support since declining to $67.55/bbl at 21:05 BST on 5 Aug. Prices have since risen to $68.65/bbl at 11:23 BST (time of writing), and appear to be meeting resistance at the $68.70/bbl
Brent crude futures softened this week after rallying from $69.87/bbl on 29 Jul’s open to close just below $73.50/bbl the next day. The contract dropped to $67.65/bbl on 05 Aug at the time of writing, breaking below the previous uptrend.
While outright values suggest that the physical market is tight, whether or not this translates to a bullish market is a subjective matter. Notional values are high, but CFD rolls continue to roll down weekly. The 21-25 July 1-week roll
The Oct’25 Brent Futures contract fell to $68.75/bbl at 08:57 BST. Prices then traded rangebound between $68.99/bbl and $68.80/bbl before falling to $68.60/bbl at 11:30 BST (time of writing). In the news, OPEC+ agreed to a September output increase of
The Oct’25 Brent Futures contract initially rallied to $68.79/bbl at 08:23 BST before falling to $68.02/bbl at 11:00 BST (time of writing). In the news, Saudi Aramco reported a 22% drop in Q2 profit to $22.7 Bn amid falling crude
