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.
May’25 Brent futures has seen weakness this afternoon, trading from just under $71.60/bbl at 1150 GMT down to $70.70/bbl at 1500 GMT, before recovering to $71.20/bbl at 1755 GMT (time of writing). In the news today, a Saudi official has
Brent’s Balancing Act Since the front-month Brent futures hit a three-year low of almost $68.50/bbl on 05 Mar, the M1 contract has steadily ticked up to $71.30/bbl by the time of writing on 17 Mar. The market had largely been
In the week ending 11 Mar, combined open interest (OI) across both Brent and WTI futures increased marginally by 21.5mb (+0.5% w/w). Speculative players removed length across the crude benchmarks for a fourth consecutive week, reducing their long positions by
The May’25 Brent futures contract gapped up overnight on market open this week to around $71.50/bbl, with prices remaining supported this morning around $71.45/bbl at 1055 GMT (time of writing). Crude oil prices saw bullish sentiment to start the week
May’25 Brent futures ultimately moved sideways this afternoon, trading down from $70.55/bbl at 1245 GMT to $69.95/bbl at 1435 GMT, before making a recovery to $70.50/bbl at 1740 GMT (time of writing). In the news today, President Putin has said
In High Sulfur Fuel Oil (HSFO), it was a bearish beginning to the month for Sing 380 cst cracks, with the Apr’25 crack declining from an intraday high of -$2/bbl on 27 Feb to -$5/bbl on 4 Mar. Price action
May’25 Brent futures has been supported this morning, increasing from $70.30/bbl around 0610 GMT up to $70.75/bbl at 0855 GMT, moderating to $70.45/bbl at 1045 GMT (time of writing). We saw small gains in crude oil prices this morning, in
The front-month Brent futures contract softened this afternoon, dipping from $70.70/bbl at 12:40 GMT to sub-$70/bbl at $69.80/bbl at the time of writing (17:40 GMT).
The front-month Brent crude futures contract has fallen into a lull, with prices confined to the $68-71/bbl range over the past ten days. At the time of writing on 13 Mar, the contract was trading at $70.65/bbl. Risk takers have
May’25 Brent futures initially saw support this morning, increasing from $70.75/bbl at 0700 GMT up to a touch above $71.20/bbl at 0825 GMT. However, these gains then reversed, trading down to $70.65/bbl at 1050 GMT (time of writing). Crude oil
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 May’25 Brent futures contract strengthened from $70.30/bbl at 1200 GMT up to $71.10/bbl at 1630 GMT, softening to $70.90/bbl by 1730 GMT (time of writing). EIA data released this afternoon for the week ending 7 Mar showed a smaller-than-expected
Major propane benchmarks weakened over the fortnight ending 11 Mar in line with a weaker crude oil futures complex….
The May’25 Brent futures softened below $70.00/bbl overnight to below $69.50/bbl at around 0720 GMT before strengthening to $70.30/bbl at 1020 GMT (time of writing). Trump’s 25% global tariffs on steel and aluminium took effect at midnight ET with no
The past two weeks saw rapid fluctuations in price action, reinforcing the high volatility regime that has marked Brent/Dubai since the start of the year. As OPEC+ confirmed their plans to proceed with its long-delayed production increase of 138kb/d beginning
