13 November 2024: 16:30 GMT
It’s breathless. Frantic. Prices are up, then down, then up. But prices are going nowhere. We briefly broke under the $71 floor this afternoon, but flat price quickly recovered. Lennie saw the rise in the European morning and was convinced a rally was on the cards. But then it tumbled again when Team America didn’t like such a high price tag but rose through the window. Lennie just can’t catch a break! After all that excitement, Brent closed the European session at $72.17/bbl once cent down from yesterday. OMG, we need to lie down.
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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