Brent slides down to $82/bbl
February 16, 2024
The Apr Brent futures contract eased off from yesterday’s strength and stood at $82.00/bbl as of 10:30 GMT.
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Naphtha & Gasoline reports
Please note that these reports will now be published every Thursday.
Case Study: Mar Naphtha E/W
February 16, 2024
Despite the geopolitical risk premia buoying up the naphtha E/W, we recommended shorting the Mar E/W in our Feb 13 naphtha report. Find out more about the logic behind this trade in our new case study.
Strong Afternoon For Brent – Back Over $83/bbl
February 15, 2024
Prompt Brent futures flat price has seen a much stronger afternoon. Prices were supported from $80.74/bbl at 11:40 GMT to $83.14/bbl at 16:45 GMT.
Brent strengthens to $83/bbl handles
February 14, 2024
The Apr Brent futures contract breached past the $83/bbl handles at 18:25 GMT on Feb 13 but eased off from this level and was seen hovering around $82.85/bbl as of 10:15 GMT today.
Jorge Montepeque joins Onyx Capital Group as Managing Director, Benchmarks
February 14, 2024
Onyx CEO, Greg Newman, is delighted to welcome Jorge Montepeque to the Onyx Capital Group family, as Managing Director, Benchmarks.
Apr Brent futures holds above the $82/bbl mark
February 13, 2024
The Apr Brent futures contract continued to be supported overnight with prices holding above the $82/bbl mark and trading at $82.72/bbl at 10:00 GMT (time of writing). Apr WTI saw a similar upward momentum with prices at $77.66/bbl at 10:00
Oil prices edge up amid Middle East tensions
February 13, 2024
The Apr Brent futures contract briefly broke through the $82/bbl handles, however, prices have come off slightly to $81.80/bbl as of 17:10 GMT.
Gasoline Still Pumping?
February 12, 2024
Prices have strengthened in the Brent futures, RBOB futures and the ICE LS gasoil futures for the Apr tenor. From a technical perspective, the Apr Brent and RBOB futures are in neutral territory with the RSI around the 60-handles, signalling
This week’s target price: $78-80/bbl
February 12, 2024
Oil prices dipped slightly into Monday, back into $81/bbl handles, after seeing a 6% gain last week having fallen 9% a week previous, with heavy price swings very characteristic of the market at the moment.
CFTC: Risk-off Brent and Bearish WTI
February 12, 2024
Managed by money positions saw a removal in both longs and shorts in the benchmark Brent futures whilst WTI futures recorded a flip to bearish positioning in the week to Feb 06.
Brent In Low $81/bbl-Handles With Gaza Optimism
February 12, 2024
The Brent futures flat price for the prompt contract has seen a relatively weak morning. Price action initially found stability in the high $81/bbl-handles, reaching highs of $81.98/bbl at 05:30 GMT.
A Data Driven Crystal Ball
February 8, 2024
ONYX CFTC PREDICTOR – 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.
Brent futures gained as the rumours fade
February 7, 2024
The Apr Brent futures contract has seen increased support overnight with prices strengthening above the $79/bbl mark and seen at $79.14/bbl at 10:00 GMT (time of writing). Apr WTI saw a similar upward momentum with prices at $74/bbl at 10:00
Oil Market Report: Buy the guts and sell the wings
February 5, 2024
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