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All Tricks, No Treats

The longer we wait, the more Brent should give in, given the expectation of strikes next week. There is only so much we can move....
Published: October 29, 2026
Written by:
Martha Dowding

Martha Dowding

Research Associate, Flux
Martha Dowding
,
Mita Chaturvedi

Mita Chaturvedi

Research Associate, Flux
Mita Chaturvedi
and
Donna Dong

Donna Dong

Research Analyst, Flux
Donna Dong
14 page report
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Products have been skittish and illiquid this week, but Brent has been the opposite, playing dead around $115/bbl from 26-29 Oct. This paralysis has made jawboning harder, as we saw less than a $1.50/bbl move after Reuters reported that Qatar expects a response from Iran on a new draft deal by the end of the week.

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Written by

Martha Dowding

Research Associate, Flux
Martha Dowding

Mita Chaturvedi

Research Associate, Flux
Mita Chaturvedi

Donna Dong

Research Analyst, Flux
Donna Dong

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