11 October 2024: 09:30 BST
Dubai’s physical premium remained almost unchanged, just 1c up at $1.84. Dubai’s run out of steam after the mania of the last couple of weeks while everybody’s been running about like headless chickens on RedBull. This morning, paper has been “like watching paint dry” for traders who are, in some ways, glad for a hiatus in the carnage of recent weeks. In crude, in products, it doesn’t matter, everyone’s waiting with bated breath. We’ll see if that tranquillity lasts or if Middle Eastern belligerents decide to kick up a ruckus again. It’s a tense atmosphere as everyone waits for Israel’s next move.
In ‘The Officials’, Onyx Capital Advisory publishes outright values, spreads, cracks and boxes for the main energy commodities traded in the marketplace. The published values are determined independently and on a fair market basis by our team of dedicated professionals.
We invite you to read our reports, which will initially be published twice a day, reflecting closing values at 16:30 Singapore time (SGT) and at 16:30 London time (GMT/BST).
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