31 December 2024: 12:30 GMT
In April we were flirting with the low $90s. Then on three occasions in H2 we’ve teased the high $60s. But Brent flat price has found its comfort zone and settled into the lower half of the $70s range throughout December. It’s been a year of two halves in terms of prices, with China’s wobble and OPEC quota delays and deliberations key drivers of price moves. Geopolitical flare ups have played their role too, with major price surges in April and October highlighting that. The rate cutting cycle that has characterised global monetary policy looks set to continue into next year.
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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