Naphtha & Gasoline reports
Please note that these reports will now be published every Thursday.
After reaching nearly $77.90/bbl this morning, the Mar’25 Brent futures contract has weakened this afternoon, selling-off from $77.50/bbl around 1300 GMT down to $76.25/bbl at 1730 GMT (time of writing). Crude oil prices saw bearish sentiment alongside the release of
The Mar’25 Brent futures flat price strengthened overnight from the $77/bbl level, reaching a high of $77.88/bbl at 08:38 GMT and is set to test the $78/bbl resistance level. Alongside expectations of further sanctions on Russia and hopes for a
The bears had their turn over the festive period, and the Dated Brent bulls have entered 2025 fully locked in. Physical differentials climbed above $0/bbl on 06 Jan, and the direction and momentum of the physical will dictate the market
The Mar’25 Brent futures contract strengthened above $77/bbl at noon GMT today, where it met resistance and softened to $76.70/bbl at 14:15 GMT. Since then, the benchmark crude futures contract has continued to oscillate between these ranges, seeing resistance at
The Feb’25 RBOB futures contract saw support at the end of 2024 but began the new year softening from $2.07/gal on 03 Jan to $2.03/gal on 07 Jan (at the time of writing).
Another week brings another selection of new trade ideas from Onyx Research, this time looking at trades in crude oil and gasoline swaps. Our weekly Onyx Alpha report presents speculative and hedging trades based on technical analysis and data-driven tradecraft
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
