Naphtha & Gasoline reports
Please note that these reports will now be published every Thursday.
Oil prices closed last year with a bounce in their step, and Brent pursued its ascent into the new year to trade above $81/bbl at the time of writing. 2025, in China’s astrological calendar, is the year of the Snake,
The North Sea Dated Brent market continues to strengthen into mid-January. The market was already trending higher on robust fundamentals, including US weather risk and an open arb between Europe to Asia, but the Russia sanctions headlines have supported Brent
Another week brings another selection of new trade ideas from Onyx Research, this time looking at trades in fuel oil and light ends swaps. Our weekly Onyx Alpha report presents speculative and hedging trades based on technical analysis and data-driven
The Mar’25 Brent futures contract strengthened from this morning’s low of $80.25/bbl around 0730 GMT up to almost $81.15/bbl at 0950 GMT, before falling back down to $80.30/bbl at 1050 GMT (time of writing). Crude oil prices remain elevated as
The Mar’25 Brent futures contract ultimately saw weakness this afternoon amid rangebound price action, seeing a decline from around $81.10/bbl at 1200 GMT down to this afternoon’s low of $80.37/bbl at 1425 GMT, before recovering to $80.90/bbl at 1745 GMT
M1 Brent futures saw a rally this week, hitting above the $80/bbl level for the first time since October. The Mar’25 futures contract increased from an intraday low of $76.10/bbl on 06 Jan up to $81.45/bbl at the time of
Brent crude futures have surged above the $80/bbl handle, reaching a 4-month high. Supply tightness concerns fuelled the rally as the outgoing Biden administration imposed a severe sanctions package on the Russian oil industry. This week, we expect price action
In the week ending 07 Jan, managed-by-money participants continued their bullish stride in Brent, adding 42.5mb to their long positions (+15%) while removing 0.8mb from their shorts (-0.9%) w/w. This change in positioning took the total net length in the
The Mar’25 Brent futures contract gapped up on market open this week from $79.70/bbl to around $81.20/bbl where prices remained supported overnight. This morning, crude prices initially strengthened to $81.60/bbl at 0845 GMT, but since saw some weakness, trading at
Strength in the Mar’25 Brent futures contract continued this afternoon, seeing a significant rally from around $78.80/bbl at 1100 GMT up to $80.65/bbl just after 1430 GMT, before falling back down to $79.25/bbl by 1750 GMT (time of writing). This
Ukraine has ended Russian gas transit to Europe as its 2019 agreement with Gazprom expired, marking a historic step in reducing Europe’s reliance on Russian energy, though it has led to power cuts in Moldova’s breakaway Transnistria region. While alternative
The Mar’25 Brent futures contract has rallied this morning from $77.30/bbl at 0600 GMT up to $78.85/bbl at 1055 GMT (time of writing). Crude oil prices have seen bullish sentiment amid expectations of potential supply disruptions from US sanctions on
The Mar’25 Brent futures contract has seen steady support this afternoon, increasing from around $76.40/bbl at 1200 GMT up to $77.20/bbl at 1725 GMT (time of writing). In the news today, Saudi Arabia’s crude oil supply is set to decline
It’s been an eventful first week back in the office. Donald Trump’s back at it, playing Monopoly with a globe in front of him, while here in the UK, electricity prices were gone (berserk) with the wind. Meanwhile, the Mar’25
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
