Please note that there will be a hiatus in the publication of reports between 22nd December and 2nd January due to the Christmas period. Reports will be published as normal from Monday 5th January 2026.
In the week ending 08 Apr, the benchmark crude futures contracts (Brent + WTI) witnessed a bearish shift in sentiment, with long-positioned money managers trimming a total of 165mb (-28% w/w). At the same time, short-positioned players were seen adding
The Jun’25 Brent Futures contract saw prices dropping to $62.96 at 14:31 BST and have since rallied up to $64.12/bbl at 17:35 BST (time of writing). Two Chevron-chartered tankers carrying Venezuelan crude are stranded after PDVSA revoked their export clearances,
In early April, the fuel oil complex benefitted strongly from weaker crude, at least in the cracks, where both HSFO and VLSFO cracks rallied in both regions. Notably, the May’25 380 crack saw an upside breakout, rallying from -$3 to
The Jun’25 Brent Futures rallied up to $64.36/bbl this morning at 07:47 BST before quickly falling to $63.44/bbl at 09:03 BST and again to $62.89/bbl at 10:10 BST. Prices have since seen some support moving up to $63 .61/bbl at
Jun’25 Brent Futures dropped to almost $62.00/bbl around 15.08 BST before recovering to around $63.60/at 16.40 BST and is around $62.75/bbl at 17.35 BST (time of writing). The EIA cut the non-OPEC 2025 supply growth estimate to 1.26mb/d (was 1.43
The trade war is definitely on – for the most part. After spooking global markets, sending M1 Brent sub-$60/bbl for the first time since March 2021 and 10-year yields rallying, US President Donald Trump announced a 90-day “PAUSE” and discounted
The Jun’25 Brent futures contract saw a another volatile morning. Prices gapped down overnight to $64.87/bbl and then slowly moved up to $65.23/bbl at 08:00 BST before falling down to $63.47/bbl at 09:57 BST, they have since jumped back up
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
Major propane benchmarks witnessed substantial weakness into April 2025 – with the weakness concentrated in the Far East propane Index (C3 FEI).
The prompt Jun’25 Brent Futures saw prices rally up to $61.03/bbl at 14:40 BST before falling down to $59.61 around 16:10 BST. Prices have since crawled back up to $60.59/bbl at 17:40 and have jumped up to $64.90 at 18:54
The Jun’25 Brent futures contract saw prices gap down last night to $60.43/bbl, seeing some support throughout the morning eventually reaching a peak of $61.48/bbl around 08:40 BST. At 11:20 BST, prices dropped down to $59.79/bbl, reaching the lowest since
M1 Brent futures swiftly bounced higher last week, climbing from the $70/bbl handle to open at $73/bbl on 25 March. On 24 March, prices closed above the 30-day moving average (white line), which has now flipped from resistance to support
The Jun’25 Brent futures contract saw a less volatile with prices moving up to $65.10/bbl at 14:17 BST. Around 16:15, prices fell down to $63.90/bbl and despite gaining some support reaching $64.66/bbl it has fallen to $63.80/bbl at 17:40 BST
The Brent/Dubai complex saw a bullish shift with May’25 Brent/Dubai surpassing -$1/bbl for the first time since mid-March. In contrast to flat price, differentials were unresponsive to OPEC+ speeding up its oil output hike. The bullish catalyst was Aramco cutting
It has been a volatile week in the Dated Brent crude oil benchmark. The North Sea Dated Brent physical differential moved up from $0.575/bbl on 28 Mar to $1.07/bbl on 1 Apr amid more aggressive buy-side interest than expected. Into
