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 frenzy over geopolitical tensions between Israel and Iran that sent the oil price rocketing in June gave way to calmer price action in July. Brent consolidated in a range, sandwiched between its structural 100 and 200-day moving averages. With
Another week brings another selection of new trade ideas from Flux Insights. This week, we look at trades in Crude Oil and NGL swaps, and review our trades from July 2025.
The front-month (Oct’25) Brent futures contract eased from $68.60/bbl at noon today to $68.10/bbl at 14:10 BST, where prices met support and climbed to $69.35/bbl by 16:35 BST. Nevertheless, the futures contract eventually retreated to $68.85/bbl at the time of
Although prices approached $73/bbl last week, the Oct’25 Brent crude futures closed below $70/bbl on Friday following a soft US nonfarm payrolls reading. Meanwhile, over the weekend, it was announced that OPEC+ has completed the unwinding of its 2.2mb/d of
In the week ending 29 Jul, the two major crude oil futures benchmarks (Brent and WTI futures) strengthened, buoyed by rising risk to global supplies as the US threatened to levy sanctions on buyers of Russian energy. There has been
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
High Sulphur Fuel Oil saw a fortnight of two halves. The 3.5% barge crack initially rallied on short covering flows in the prompt. However, prices quickly retreated from elevated levels, exacerbated by stronger crude. Aug’25 prices saw highs of -$0.50/bbl
The Oct’25 Brent Futures fell from $71.82/bbl at 13:42 BST to $69.63/bbl at 17:15 BST (time of writing). In the news, OPEC+ is expected to approve another oil output increase at their upcoming meeting on Sunday, though the size of
The Oct’25 Brent Futures contract rallied to $71.93/bbl at 08:31 BST before falling to $71.19/bbl at 09:17 BST. Prices have since recovered to $71.46/bbl at 11:10 BST (time of writing). In the news, Chevron will transfer part of its
The Oct’25 contract rallied to $72.19/bbl at 15:21 BST and fell to $71.03/bbl at 15:26 BST. Prices have since recovered to $71.83/bbl at 17:41 BST (time of writing). In the news, Indian state refiners have halted purchases of Russian crude
Brent finally broke above the hallowed $70/bbl level, printing at $72.75/bbl at the time of writing. It appears $73/bbl may be the new $70/bbl, with the contract meeting resistance at this handle throughout this week.
European naphtha flipped sharply from offered to bid this week following reports of Azeri crude contamination with chlorides, which rendered some barrels off-spec. BP and Eni have reported problems with the quality of Azerbaijani oil. In some batches of oil
The Sep’25 Brent Futures contract fell from $73.60/bbl at around 21:00 BST to $72.75/bbl at 11:12 BST (time of writing). The soon-to-be-prompt Oct’25 Brent futures contract similarly fell from $72.80/bbl to $71.85/bbl. Trump and Mexican President Claudia Sheinbaum are set
In the week ending 29 Jul, the M1 (Sep’25) Brent futures contract broke above the critical $70/bbl barrier, briefly surpassing the $73/bbl handle on 29 Jul, where it met resistance
International propane has been subdued for most of July, with C3 CP (Saudi Aramco Contract Price) leading the weakness. The Sep’25 C3 CP contract…
