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 M1 (Sep’25) Brent futures contract climbed from around $68.60/bbl at 08:20 BST this morning to a high of $69.35/bbl at 10:25 BST, but retreated to $68.80/bbl by 11:05 BST
Sep’25 Brent futures were under pressure this afternoon from $71.35/bbl at 13:30 BST to $69.55/bbl at 17:25 BST (time of writing). Although Trump warned of possible 100% secondary tariffs on Russia if a ceasefire isn’t achieved within 50 days, the
The Sep’25 Brent crude futures climbed higher last week, closing above $70/bbl and opening higher on Monday morning, reaching $71/bbl. Prices are at their highest level since the late June sell-off. We expect prices to remain elevated this week, with
Another week brings another selection of new trade ideas from Onyx Research. This week, we look at trades in Crude and Fuel Oil swaps. Our weekly Onyx Alpha report presents speculative and hedging trades based on technical analysis and data-driven
In the week ending 8 Jul, exchange open interest in Brent and WTI futures increased by a combined 73.9mb (+1.60%) following three consecutive weeks of de-risking.
The Sep’25 Brent futures rallied to $71.19/bbl at 08.48. Prices fell to $70.76/bbl but bounced back to $71.46/bbl at 11:05 BST (time of writing). In the news, China’s crude oil imports surged to 12.14 mb/d in June, a 7.4% y/y
The Sep’25 Brent futures contact continued rallying in the afternoon to $70.41/bbl at 17:15 BST (time of writing). In the news, Russia plans to fully compensate for overproducing oil beyond its OPEC+ quota in August and September, in line with
The Sep’25 Brent Futures contract fell to $68.56/bbl at 09:54 BST before rallying up to $69.04/bbl at 11:40 BST (time of writing). In the news, Saudi Arabia’s crude oil exports to China are set to rise to the highest levels
The Sep’25 Brent futures contract fell from $69.80/bbl at 12:25 BST to $68.60/bbl at 16:55 BST, increasing slightly to $68.95/bbl at 17:10 BST (time of writing). Reuters reported that the European Commission plans to propose a floating Russian oil price
Summer is in full swing, but crude’s upswing has begun to melt. Sep’25 Brent rose to see the blue skies above $70.00/bbl before softening to lie above the 100-day average sub-$69.00/bbl. OPEC has been a bit gloomier, lowering its global
CFTC data for the week to 01 Jul showed money managers deepening their bearish stance on RBOB futures: longs fell 3.0mb (-5.4%) while shorts rose 3.9mb (+12%), marking the fifth drop in longs in six weeks. Overall open interest declined
The Sep’25 Brent Futures contract fell to $69.82/bbl at 09:41 BST before bouncing back to $70.07/bbl. Prices have softened to $69.92/bbl at 11:10 BST (time of writing). In the news, OPEC has revised its global oil demand forecasts for the
In addition to our regular Monday CFTC COT analysis report, Onyx Insight will publish its own in-house CFTC COT forecast ahead of the official Friday report. The model forecasts changes in long and short positions using machine learning, utilising Onyx’s
The Sep’25 Brent futures contract fell to $69.65/bbl at 14:32 BST. Prices have since rallied up to $70.43/bbl at 16:52 BST and softened slightly to $70.42/bbl at 17:25 BST (time of writing). In the news, US crude oil stockpiles unexpectedly
The Sep’25 Brent futures contract rallied to $70.71/bbl at 09:41 BST before softening a touch to $70.37/bbl at 11:45 BST. In the news, the UAE’s Energy Minister, Suhail al-Mazrouei, stated that oil markets are absorbing OPEC+’s production increases without a
