Naphtha & Gasoline reports
Please note that these reports will now be published every Thursday.
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 Feb’25 Brent futures contract weakened this morning, increasing from $73.65/bbl at 07:00 GMT up to $73.95/bbl at 09:00 GMT, before falling back down to $73.50/bbl at 10:55 GMT (time of writing). In the news today, Kremlin spokesman Dmitry Peskov
The Feb’25 Brent futures contract was supported this afternoon, rising from $73.00/bbl at 12:00 GMT up to $73.40/bbl at 17:50 GMT (time of writing). In the news today, OPEC’s monthly report has cut oil demand growth forecasts for this 2024
After trading comfortably around $72.50/bbl overnight, the Feb’25 Brent futures contract has increased to $72.85/bbl this morning at 10:45 GMT (time of writing). Crude oil prices have been supported following the announcement of China’s looser monetary policy stance and expectations
There was a battle for the barrels in the North Sea, with Totsa and Trafigura buying heavily and Equinor and Gunvor on the sell side. We have seen this same group of players swaying the flow in the Dated market
The Jan’25 RBOB futures contract weakened from an intraday high of nearly $2.05/gal on 22 Nov to $1.90/gal on 06 Dec. The contract found support here and climbed to $1.96/gal on 10 Dec (at the time of writing). The Feb’25
The Feb’25 Brent futures contract saw strength this afternoon, increasing from $71.80/bbl at 12:00 GMT up to a touch above $72.50/bbl at 17:50 GMT (time of writing). In the news today, Equinor stated that the start-up of their Johan Castberg
Another week brings another selection of new trade ideas from Onyx Research, this time looking at trades in LPG and high sulphur fuel oil. Our weekly Onyx Alpha report presents speculative and hedging trades based on technical analysis and data-driven
The Feb’25 Brent futures contract saw weakness this morning, trading from $71.85/bbl at 07:00 GMT up to $72.20/bbl at 09:00 GMT and falling to around $71.55/bbl at 11:00 GMT (time of writing). In the news today, Israeli airstrikes targeted Syrian
The Feb’25 Brent futures contract strengthened this afternoon, increasing from $71.90/bbl at 12:00 GMT up to $72.65/bbl shortly after 15:40 GMT, before falling to $72.35/bbl at 17:55 GMT (time of writing). Crude oil prices were supported this afternoon with news
Instability in the Middle East The front-month (February 2025) Brent futures contract weakened below $71/bbl on 06 Dec, dipping under the boundary of the symmetric triangle within which the M1 futures contract has oscillated since September (attached). As of Monday,
The directionless feeling in the crude market has failed to be alleviated this week. As expected, OPEC+ announced a three-month delay to its planned production increase, now set for April 2025. The group also extended its timeline for fully reversing
Money managers got longer in the week ending 03 Dec in anticipation that OPEC+ was delaying their output hikes, which would serve to tighten global oil balances. Delaying for the third time, the unwinding of the voluntary cuts will now
The Feb’25 Brent futures contract saw strength this morning, increasing from $71.50/bbl at 07:00 GMT to around $72.10/bbl at 08:25 GMT, before tapering off to $71.80/bbl at 10:40 GMT (time of writing). In the news today, Israel has struck chemical
The Feb’25 Brent futures contract fell this afternoon from a high of $71.60/bbl at around 12:30 GMT down to $70.85/bbl at 15:30 GMT as support was seen at the lower Bollinger band and the prompt tose to $71.25/bbl at 17:30
