Naphtha & Gasoline reports
Please note that these reports will now be published every Thursday.
The Mar’25 Brent futures contract initially declined this morning from around $76.30/bbl at 0615 GMT down to almost $75.90/bbl at 0900 GMT, before recovering to $76.60/bbl at 1030 GMT (time of writing). In the news today, South Sudan’s government has
After seeing strength this morning, the Mar’25 Brent futures continued to rise from $76.80/bbl at 1200 GMT up to $77.50/bbl at 1515 GMT, before declining to $76.30/bbl at 1740 GMT (time of writing). In the news today, the Biden administration
In the week ending 24 December, money managers were risk-off in Brent while adding length to their long positions in WTI. With crude oil markets quietening down for the holiday season, we saw proportionately lower positional changes in the latter
Mar’25 Brent futures strengthened, rising from $73.40/bbl on 30 Dec to $76.90/bbl on 6 Jan, with higher highs and lows. The RSI entered overbought territory on Jan 3, while Bollinger bands widened due to increased volatility. The MACD indicated bullish
On Monday, the front-month March 2025 Brent contract moved higher to trade just under $77.50/bbl at the time of writing. Some of the recent buoyancy in crude prices stemmed from the strength in physical Middle Eastern and Asian markets, with
The Mar’25 Brent futures contract fell from a daily high of $76.90/bbl at 0100 GMT to see resistance at $76.15/bbl, around level with the 21-day simple moving average, for much of the morning. It rose to $76.40/bbl at 1020 GMT
After seeing weakness this morning, the Mar’25 Brent futures contract recovered this afternoon, increasing from $75.60/bbl at around 1100 GMT up to $76.60/bbl at 1730 GMT (time of writing). In the news today, Venezuela’s oil exports rose 10.5% y/y in
The Mar’25 Brent futures contract has steadily declined this morning from around $76.00/bbl at 0600 GMT down to $75.65/bbl at 1050 GMT (time of writing). In the news today, US President-elect Trump has called to “open up” the North Sea
The Mar ’25 Brent futures contract continued to see support this afternoon as it rose from around $75.70/bbl at mid-day to $76.40/bbl at 17.15 GMT (time of writing). China’s manufacturing PMI dipped to 50.5 in December, missing forecasts, as output
The Mar’25 Brent futures contract was supported this morning, rising from around $74.80/bbl at 0630 GMT up to $75.60/bbl at 1050 GMT (time of writing). Market sentiment saw an optimistic start to the new year, potentially bolstered by expectations that
The Mar’25 Brent futures contract was initially supported around the $74.50/bbl level this morning at 0800 GMT, before falling to $73.90/bbl at 1310 GMT (time of writing). In the news today, a Ukrainian drone attack in western Russia caused a
The Mar’25 Brent futures contract continued to strengthen in the early hours of this morning, reaching a peak of over $74.70/bbl at 0600 GMT before softening to around $74.48/bbl at 0800 GMT (time of writing) as it failed to sustain
The Mar’25 Brent futures contract rose this afternoon, from under $74.00/bbl at mid-day to $74.45/bbl at 1715 GMT. US SPR crude inventories increased by about 0.3mb last week, reaching 393.6mb. Sour crude rose by 0.3mb to 250.3mb, while sweet crude
The Mar’25 Brent futures contract continued to strengthen daily but has been slipping hourly; after gapping higher this morning, it has softened to oscillate around the simple 20-day moving average for the last few hours. Mar’25 fell from a high
The Mar’25 Brent futures contract witnessed a rangebound afternoon, oscillating between $73.30/bbl and $73.70/bbl, and currently sits at $73.40/bbl at 17:20 GMT (time of writing).
