The Nov’24 Brent Futures contract was volatile this afternoon, trading at $72.77/bbl at 12:00 BST and oscillating up to a high of $73.85/bbl around 16:20 BST before correcting to the $73.15/bbl handle by 17:00 BST (time of writing). This volatility
Nov’24 Brent Futures flat price declined this morning from $73.27/bbl at 07:00 BST down to $72.65/bbl handles at 11:20 BST (time of writing). Crude prices fell alongside API estimates showing an unexpected increase of 1.96 mb in US crude oil
Nov’24 Brent Futures flat price rallied from $72.59/bbl at 12:00 BST up to $74.20/bbl handles at 17:45 BST (time of writing). In the news today, Venezuela’s largest oil refinery, the Amuay refinery, has been reported as offline since 12 Sep
September has been a month of many firsts in Brent futures: for one, the benchmark crude futures contract collapsed below $70/bbl on 10 Sep for the first time in three years. Soon after this feat, ICE COT data for the
The gasoline market has reached a bottom and has begun stabilising due in part to Hurricane Francine, which caused little damage, but the headline was enough to prompt some buying, it seems. Gasoline continued to drive poor sentiment in refinery
Nov’24 Brent Futures flat price weakened this morning from $73.13/bbl at 07:00 BST to $72.50/bbl at 11:30 BST (time of writing). After last week’s upward trend, prices are relatively steady amid US output concerns, countering bearish sentiment caused by lagging
Another week brings another selection of new trade ideas from Onyx Research, this time looking at trades in Brent/Dubai, Eastern MOPJ naphtha, and Sing 92 gasoline swaps.
Nov’24 Brent Futures flat price climbed this afternoon from $71.76/bbl at 12:00 BST to $72.50/bbl at 17:25 BST (time of writing). The increase in crude prices comes as players wait and watch for further directional cues ahead of the Fed
The Nov’24 Brent futures fell below $70/bbl on 10 Sep, reaching lows not seen since December 2021, before recovering to around $73/bbl by September 16, despite an oversold RSI and declining open interest. Meanwhile, the US 2-year treasury yield and
Money managers remained bearish in the benchmark crude oil futures over the week ending 10 Sep, most notably in Brent futures, with the front-month contract dipping below $70/bbl on 10 September.
Is $70/bbl the new $80/bbl? The Nov ’24 Brent futures witnessed a tumultuous last week, briefly falling below $70/bbl for the first time in three years before finding support here. While the benchmark crude oil futures contract remains above this
Nov’24 Brent Futures flat price found support this morning after a relatively quiet night, trading at $72.40/bbl at 07:00 BST before it saw resistance at $72.75/bbl around 10:50 BST and eased off to the $72.70/bbl level at 11:20 BST (time
Nov’24 Brent Futures flat price saw a volatile afternoon but ultimately weakened, trading at $72.67/bbl at 12:00 BST and spiking to $73.21/bbl at around 15:25 BST, followed by a descent to $72.26/bbl at 17:30 (time of writing). The sell-off may
QatarEnergy’s joint venture, which aims to convert the Golden Pass LNG import terminal in Texas into a large-scale export facility, has requested a three-year extension from US authorities to complete the project by 30 November 2029
Nov’24 Brent Futures flat price found support this morning after a relatively quiet night, trading at $72.40/bbl at 07:00 BST before it saw resistance at $72.75/bbl around 10:50 BST and eased off to the $72.70/bbl level at 11:20 BST (time
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