Flux Markets | Rebalancing Act Skip to main content

Rebalancing Act

Oil complex volatile but bullish: Brent eyes $100, spreads firm, cracks correcting short-term but uptrend intact.
Published: March 10, 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
Share

An extremely volatile week in Brent futures, where prices opened above $116/bbl on Monday before falling by $30 over the day, trading below $100/bbl (time of writing).

Premium Content

To continue reading this page, please login or find our about our subscription options.

Related News

Bullish spec changes across the board

In line with this support, we anticipate money managers to add over 10.6mb to their Brent long positions in the week ending 28 Apr...
8 page report

June Brent Hits $126/bbl

June Brent reaches $125/bbl on expiry day; front Jun/Jul spread over $10/bbl; DoJ initiates forfeiture of two Iran-linked oil tankers
4 page report

Drawing New Highs

See all the updates across the barrel and a half dozen contracts to watch in our six reports.
6 reports

Brent Breaks $119/bbl

US turns net exporter as stocks drop; Trump meets oil firms; Russia flows steady; Italy warns on jet fuel
4 page report