22 October 2024: 16:30 BST
Up, up, up it goes! Brent flat price climbed all day, with major surges in the late morning and then in the afternoon. It kept on rallying beyond $76/bbl after the window. A pedal to the metal kind of day sent Brent to a close at $75.94/bbl. A $3 rally over two days, but why? What’s changed? Wishy washy geopolitical fears haven’t seen anything to send prices skyward. No great economic reversal to boost demand optimism. But maybe ‘He’ knows. He always knows.
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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