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 Jan’25 Brent futures contract sold-off mid-afternoon from $72.20/bbl at 13:30 GMT down to $70.80/bbl at 15:00 GMT, however, made a recovery to $72.35/bbl at 18:00 GMT (time of writing). Crude prices saw pressure amid Iranian Oil Minister Mohsen
After trading rangebound overnight, the Jan’25 Brent futures contract saw support this morning, moving from $72.00/bbl at 07:00 GMT up to $72.45 at 10:35 GMT (time of writing). In the news today, Financial Times has revealed that Russia’s energy minister
There was an election across the pond last week, but it would be quite a feat of mental gymnastics to immediately connect the results with the Dated Brent market. Yet, the ramifications of Trump’s re-election may have significant implications for
The Jan’25 Brent futures contract ultimately weakened amid volatility this afternoon, trading from $72.30/bbl at 12:00 GMT up to $72.80/bbl at 14:30 GMT and falling to $71.60/bbl by 16:20 GMT, before recovering to $72.10/bbl at 17:45 GMT (time of
RBOB structure has been well-bid ahead of the US presidential election on 5 Nov as players speculated on all things American, and these likely financial flows supported prices. There was a build of 410kb in US gasoline stocks in the
Another week brings another selection of new trade ideas from Onyx Research, this time looking at trades in crude oil and naphtha swaps. Our weekly Onyx Alpha report presents speculative and hedging trades based on technical analysis and data-driven tradecraft
The Jan’25 Brent futures contract saw support this morning, moving from around $71.70/bbl at 07:00 GMT up to $72.30/bbl at 10:50 GMT (time of writing). In the news today, Israel has failed to meet a series of US aid demands
The Jan’25 Brent futures contract continued to weaken this afternoon from $72.85/bbl at 12:00 GMT down to $71.80/bbl at 17:55 GMT (time of writing). This afternoon, Israeli Foreign Minister Gideon Saar in Jerusalem has stated there was a “certain
The market was quiet and tense ahead of the US election last week, and with Trump’s landslide victory, the political and oil infrastructure scenery of the US and abroad has been drastically transformed if we are to believe the campaign
Since early November, the Jan’25 Brent crude futures contract has traded in a narrow range, between $73.50 and $76.00/bbl, with prices settling at $72.80/bbl as of 12:00 GMT on 11 November (time of writing). On US election day, 5 Nov,
In the week ending 05 November, money managers added speculative length and removed shorts in their crude futures positions, mainly in WTI futures. As the Middle Eastern geopolitical risk sentiment deflates, traders redirected their focus towards the OPEC+ decision to
The Jan’25 Brent futures contract weakened this morning, trading at $73.95/bbl at 07:00 GMT and selling off from $74.05/bbl at 09:10 GMT to $72.90/bbl at 10:20 GMT, inching down further to $72.80/bbl at 10:45 GMT (time of writing). Crude oil
The Jan’25 Brent futures contract weakened further this afternoon, trading at around $74.90/bbl at 12:00 GMT and selling-off from $74.85/bbl at 14:10 GMT down to $73.95/bbl at 17:45 GMT (time of writing). Crude oil prices fell as Hurricane Rafael is
The Dec’24 TTF rebounded in early November due to winter demand concerns, Norwegian outages, and the looming Ukraine-Russia gas transit expiration. European LNG imports rose for the first time in 10 months, while Asia’s declined. The Dec’24 JKM softened to
