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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
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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).

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