The oil market saw a full capitulation this week as Brent futures fell below $70/bbl for the first time since December 2021. Gasoil continues to struggle, while gasoline found a wind of strength off the back of Hurricane Francine. Even though trading volumes are down with key traders enjoy the APPEC festivities, the show in oil swaps must go on.
See all the updates across the barrel in this week’s Onyx Commitment of Traders report, as well as six contracts to watch for the week ahead. Click on the relevant button below to access your COT report.
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