Overnight & Singapore Window: Oct’24 Brent trades around $81/bbl
The October Brent futures flat price has been unsettled this morning trading in an $81/bbl handle.
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CFTC Predictor: Did the bears get too comfortable?
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Daily Trade Idea: 01/08/2024
Long Sep/Oct 3.5 Barges On a technical perspective on SEP/OCT Barges, Price is now trading below the lower Bollinger band, and also below the lower RSI, indicating that its trading in the oversold territory. We have observed that majority of
LPG Report: Eur-up, up, up!
The US LST vs Far East propane (LST/FEI) arb weakened to -$220/mt this fortnight after initially rallying to -$200/mt at the start of the month. This weakness came despite LST/FEI buying, highlighting weakness in US LST propane.
European Window: Oct’24 Brent rangebound around $80.50/bbl
The October Brent futures contract remained rangebound this afternoon, falling from $80.35/bbl at 14:00 BST to below $80/bbl at 15:45 BST to finally rise to $80.60/bbl at 17:30 BST (time of writing)
Overnight & Singapore Window: Oct’24 Brent Rises Back Above $80/bbl
The October Brent futures flat price has strengthened significantly this morning, rising from $78.90/bbl at 04:00 BST to $79.70/bbl by 07:55 BST, before retracing down slightly then rallying again to $80.10/bbl by 10:20 BST.
Daily Trade Idea: 31/07/2024
Short Aug Nap E/W Expecting a continuation of weakness as the E/W goes into pricing, driven by stronger Europe cracks and a run of poor economic data from China affecting perceived demand
Dubai Market Report – Does anything escape the laws of gravity…?
Brent/Dubai has seen a remarkable fortnight, with the soon-to-be-Bal Aug Brent/Dubai rallying above $1/bbl on 26 July. However, we now see cracks in this rally, with the contract softening to $0.80/bbl on 30 July.
European Window: Oct’24 Brent Hovers Above $78/bbl
The October Brent futures flat price has come off again this afternoon, falling from $79/bbl at 12:00 BST to $78.10/bbl by 14:55 BST and subsequently trading in a range between $77.95/bbl and $78.45/bbl.