14 November 2024: 16:30 GMT
Prices just can’t decide between up or down. So, they do both. Up, then back down again. It’s more fun that way. It keeps us guessing. Overall, though, the line of travel is clear. The downward plunge this afternoon was briefly interrupted by the EIA’s stocks report showing a chunky draw on gasoline stocks, but quickly regathered for another dive. The fall continued even after the close at $72.40/bbl, to quickly wipe out the daily settlement change, with some interest. Before 18:00 GMT we were troubling $72.
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).
For any comments, please reach out to us through the emails provided in the signed documents.
