Gasoline Report: Summertime Driving Strength
March 19, 2024
It’s been a bullish fortnight in the gasoline complex: The Apr EBOB crack rallied despite persistent selling from trade houses, refiners and funds…
Reports
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Naphtha & Gasoline reports
Please note that these reports will now be published every Thursday.
Brent In High $86/bbl Handles
March 19, 2024
The May Brent futures contract has seen a quiet start in the early hours of the morning at around $86.70/bbl levels before seeing volatility enter the market from around 07:00 GMT, with prices oscillating between $86.92/bbl and $86.49/bbl at 09:00
Onyx Alpha: Tuesdays are for Trade Ideas
March 19, 2024
Onyx Alpha will publish speculative and hedging trades every week based on technical analysis and data-driven tradecraft methods.
Brent Comfortable In Mid-$86/bbl Handles
March 18, 2024
Prompt Brent futures flat price has witnessed a strong, yet volatile, afternoon period with prices supported from lows of $85.47/bbl at 12:50 GMT to print at $86.59/bbl at 16:50 GMT.
The Calm Before The Crude Storm
March 18, 2024
For the week to Mar 12, the crude futures witnessed an atmosphere of bearishness from money managers. Total long positions in Brent and WTI declined by 12.5mbbls (-2.40%) whilst total short positions climbed by 3.5mbbls (+3.04%).
This Week’s Target Price: $87-88/bbl
March 18, 2024
After surging to four-month highs towards the end of last week, May Brent futures started the week in a similar vein, strengthening to briefly surpass the $86/bbl mark and record a near 5% increase week-on-week.
Brent Breaches Into $86/bbl Territory
March 18, 2024
The May Brent futures contract clocked in a volatile morning today with prices surging up to $86.20/bbl at 08:50 GMT, dropping to $85.80/bbl handles around 09:10 GMT but ultimately correcting upwards, hovering just below $86/bbl at 10:20 GMT.
Brent Trading at $85.30/bll Handles
March 15, 2024
Crude flat price remained supported above $85/bbl levels on Friday afternoon, trading at $85.33/bbl at 17:20 GMT. Prices saw a very comfortable weekly gain, topping $85/bbl for the first time since November.
Brent On Track For 4% Weekly Gain
March 15, 2024
Brent crude flat price inched lower into Friday, pairing back from four-month highs, as some players look to take profit on their length, while a stronger dollar added some slight pressure.
Dated Brent, the guy she told you not to worry about
March 15, 2024
In a year of stagnant crude oil prices, our latest article delves into why traders are turning to a lesser-known segment of the oil market for lucrative opportunities. We examine the intricate dynamics driving recent developments in North Sea oil
Brent Rallies Sharply Breaking $85/bbl
March 14, 2024
An exemplary day for the crude bulls as Brent flat price rallied sharply, breaking into $85/bbl handles, hovering around $85.45/bbl at the time of writing (16.50 GMT).
Trader Meeting Notes – Election Szn
March 14, 2024
Just when we were lamenting the sideways action in crude flat price this year, Brent broke out to the upside on Wednesday as prices reached four-month highs at the $85/bbl level. The stars aligned this week as tightening supply around
Brent Rallying Towards $85/bbl Handles
March 14, 2024
May Brent futures opened around $84/bbl in the early hours of the morning before rallying up to $84.53/bbl at 08:10 GMT and then swiftly correcting down to $84.17 by 08:40 GMT.
CFTC Predictor: Bearish Brent, Bullish Products
March 14, 2024
In addition to our regular Monday CFTC COT analysis report, Onyx Insight will publishes 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
Brent Almost At $84/bbl Mark
March 13, 2024
Prompt Brent futures flat price has maintained the levels established after this mornings strength, with prices oscillating in the mid $83/bbl handles, before more recent support has seen the contract trend towards the $84/bbl mark, reaching $83.89/bbl at 17:00 GMT.
