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Trying to beat Contan-Congo

Brent nears $70 as crude weakens, but strong refining margins and heavy shorts raise risks of a sharp squeeze.
Published: July 2, 2026
Written by:
Martha Dowding

Martha Dowding

Research Associate, Flux
Martha Dowding
,
Mita Chaturvedi

Mita Chaturvedi

Research Associate, Flux
Mita Chaturvedi
,
Vincent Wu

Vincent Wu

Research Associate, Flux
Vincent Wu
and
Donna Dong

Donna Dong

Research Analyst, Flux
Donna Dong
Reviewed by:
Giovanni Simonetti

Giovanni Simonetti

Junior Data Analyst, Flux
Giovanni Simonetti
16 page report
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The game is gone. Having had the synonym page for 'weak' open, it's hard to find the right word for the floor dropping out of the market this week.

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Written by

Martha Dowding

Research Associate, Flux
Martha Dowding

Mita Chaturvedi

Research Associate, Flux
Mita Chaturvedi

Vincent Wu

Research Associate, Flux
Vincent Wu

Donna Dong

Research Analyst, Flux
Donna Dong

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