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.
The Mar’25 Brent futures contract softened from $78.90/bbl at 1300 GMT to a low of sub-$78.00/bbl levels at 1615 GMT before rising to around $78.20/bbl at 1725 GMT (time of writing). Crude and gasoline prices dropped to two-week lows today,
Newly inaugurated US President Donald Trump has signed an executive order directing the federal government to prioritise the development and production of natural resources in Alaska, including the nation’s LNG project, citing their “critical national importance” and “economic and national
Taking Off Risk On Monday, we forecast that the M1 Brent futures contract will be between $78 and $81/bbl at the end of the week. At 12:45 GMT (time of writing), the contract is around the lower end of this
The Mar’25 Brent futures contract fell to $77.60/bbl at around 0100 GMT before it gained better strength, and the prompt rose to $78.55/bbl at 1005 GMT, the time of writing . Looking at the daily chart, the 21-day moving average
Brent softened this week as disbelief continued to be suspended for the promised (read: threatened) tariffs from the US, and the market digested and rebalanced following the rally to over $82.00/bbl last week on the news of new sanctions on
The Mar’25 Brent futures contract initially saw strength this afternoon, steadily climbing to $79.60/bbl around 1515 GMT, however, prices sold-off shortly after 1610 GMT down to $78.10/bbl at 1640 GMT, retracing to $78.65/bbl at 1735 GMT (time of writing). Crude
The Mar’25 Brent futures contract has seen strength this morning, increasing from $78.60/bbl at 0700 GMT up to $79.25/bbl at 0905 GMT, before tapering off to $79.15/bbl at 1100 GMT (time of writing). API data showed that US crude inventories
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
After this morning’s strength, Mar’25 Brent futures declined from just under $79.90/bbl at 1120 GMT down to this afternoon’s low of $78.87/bbl at 1500 GMT, recovering to $79.45/bbl at 1750 GMT (time of writing). Crude oil prices saw bearish sentiment
Mar’25 Brent futures softened overnight to below $79.00/bbl at 0700 GMT before seeing some strength this morning to highs of over $79.90/bbl at around 1100 GMT, softening to $79.55/bbl at 1200 GMT at the time of writing. Kazakhstan plans to
The North Sea physical differential strengthened above $0.80/bbl last week but has since petered out, dropping to $0.69/bbl on 20 Jan. 20 Jan also saw five offers for WTI Midland in the window from Eni, Unipec, Shell and two offers
The Mar’25 Brent futures flat price clawed higher on Tuesday afternoon, rising from $78.50/bbl at 14:00 GMT to nearly $79.60/bbl by 16:45 GMT before falling to $79.16/bbl by 17:40 GMT (time of writing). In the news, a rare winter storm
The Mar’25 RBOB futures outright price reached above the upper Bollinger band on 15 Jan to a high of $2.20/gal and has since corrected to $2.14/gal on 21 Jan. The cracks have been fairly robust, and the Mar’25 RBOB futures
Another week brings another selection of new trade ideas from Onyx Research, this time looking at trades in distillates, gasoline, and LPG 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 has been on a downward trajectory since hitting an overnight peak of around $80.45/bbl at 0220 GMT, trading steadily down to $79.00/bbl at 1050 GMT (time of writing). Crude oil prices saw bearish sentiment after
