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Brent bullish at $110, spreads steady, cracks consolidating, gasoline weak; momentum signals diverge, caution on reversals.
Published: May 5, 2026
Written by:
Martha Dowding

Martha Dowding

Research Associate, Flux
Martha Dowding
and
Vincent Wu

Vincent Wu

Research Associate, Flux
Vincent Wu
9 page report
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M1 Brent futures saw renewed bullish sentiment at the start of this week, rallying firmly above the $110/bbl level and surpassing pre-ceasefire highs.

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