Dramatic Week in North Sea Crude
March 12, 2024
The past week in the North Sea crude market has been rather dramatic…
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Brent Hovering In Low $82/bbl Handles
March 12, 2024
The May Brent futures contract has seen mixed price action this afternoon, initially around $82.19/bbl at noon before experiencing a sell-off down to $81.74/bbl, and subsequently rallying to $82.33/bbl at the time of writing (17:20 GMT).
Dubai Market Report: Oils Well That Ends Well
March 12, 2024
Following our previous report, OPEC subsequently announced on March 3rd that they would be extending their cuts from the first quarter of 2024 into Q2 2024. This development, despite wide speculations that the cuts would be maintained, was evidently not
Onyx Alpha: Tuesday Trade Ideas
March 12, 2024
New week, new Alpha – Onyx Alpha will publish speculative and hedging trades every Tuesday based on technical analysis and data-driven tradecraft methods based on Onyx’s Commitment of Traders (COT) and Flux Financials data.
Brent Strengthening Towards $83/bbl Handles
March 12, 2024
The Brent futures flat price for the prompt contract has seen an overall strong morning. Price action initially found stability in the mid $82/bbl-handles, before rallying to $83.01/bbl at 08:10 GMT.
Brent has been Volatile around $82/bbl Mark
March 11, 2024
The May Brent futures has seen a great deal of volatility this afternoon with prices reaching lows of $81.10/bbl at 14:10 GMT although strengthened to $82.72/bbl at 16:25 GMT. At 17:00 (time of writing), the contract was seen trading at
CFTC Report: Cash-Outs In Product Ponies
March 11, 2024
For the week to Mar 05, crude futures overall displayed a more risk off approach with a slight bearish bias, after having adopted a bullish outlook for the previous 3 weeks.
Brent FutureZzzzz
March 11, 2024
In this weeks Futures report, technical indicators were slightly more bullish in the past week in Brent, Gasoil and RBOB with prices generally seeing an upward trend and the RSI’s overall around or above 50.
Brent Strengthens To $82.50/bbl Handles
March 11, 2024
The Brent futures flat price for the prompt contract has seen a relatively strong morning.
Brent Futures Sees Least Volatile Week Since 2021
March 8, 2024
The Brent futures flat price for the prompt contract has seen a quieter afternoon after the sell-off witnessed this morning.
Fuel Report: Low Five for Hi5s
March 8, 2024
The HSFO complex has overall strengthened over the past fortnight, with notable strength concentrated in the East. In contrast, the East saw a rather bearish week in VLSFO with the Sing 0.5% structure selling off rapidly on the back of
Brent Plunges To Below The $83/bbl Mark
March 8, 2024
The Brent futures flat price for the prompt contract has seen a volatile morning. Price action initially strengthened from $83.26/bbl handles at 07:45 GMT to reach highs of $83.83/bbl at 09:25 GMT, however since then, price action has collapsed, falling
May Brent Futures Is Trading Around $83/bbl
March 7, 2024
The May Brent futures has seen a volatile afternoon with prices reaching lows of $82.10/bbl at 14:10 GMT although strengthened to $83.07/bbl at 16:25 GMT. At 17:00 (time of writing), the contract was seen trading at $82.94/bbl.
The Cheltenham Crude Cup
March 7, 2024
The Brent complex saw initial support stemming from renewed tensions in the Middle East as well as bullish fundamentals including a strong demand for prompt crude.
Brent Weakens To Low $82/bbl Handles
March 7, 2024
The Brent futures flat price for the prompt contract has seen a relatively choppy, yet weak, morning. Price action weakened from $83/bbl handles at 06:35 GMT to $82.34/bbl at 09:55 GMT, despite a small spike to $82.82/bbl at 09:30 GMT.
