C(P) You At The Settle
The May LST/FEI Arb declined from approximately -$180/mt on Apr 10 to below -$198/mt on Apr 24, driven by weaknesses in LST and strengths in FEI.
News
Brent Stable Around $88/bbl Levels
The ICE Brent Futures contract has seen a slight correction down this morning, trading from $88.60/bbl handles around 08:00 BST to $88.10/bbl around 10:20 BST.
Brent Back To $88/bbl
A choppy Tuesday for crude flat price as Brent came off from highs of $88.21/bbl this morning, coming off to lows of $86.06/bbl at 13:50 BST before steadily rallying to $88/bbl levels by 17:00 BST.
Hello Ranges, My Old Friend: Dubai Market Report
The May Brent/Dubai recorded a feeble fortnight amid prices coming off from a high of $1.10/bbl on Apr 12 to sub-zero territory less than a week later with the move downwards exacerbated by players stopping out of length.
Naphtha Report: MOP-Joy
This past fortnight has seen a rejuvenated naphtha complex in both regions, with Eastern structure the slightly better performer.
Up-Dated: Supplementary Report
After a prolonged period of weakness following the first week of April, Dated structure staged a recovery from April 18 after finding the floor.
Trade Wars: Attack of the Alpha
With another week comes a fresh slew of trade ideas by Onyx Research.
Brent Around $87/bbl Handles
The prompt Brent futures contract has seen a mixed morning, initially trading sideways around $87.25/bbl before surging upwards to peak at $88.19/bbl at 08:30 BST and subsequently correcting back down to $87.07/bbl at 10:00 BST…
Brent sees choppy but strong start to the week
The Jun Brent futures contract continued to see choppy price action into the afternoon, predominantly oscillating within the range of $85.95/bbl and $86.80/bbl.
Futures Report: Did the bulls go too close to the sun?
Technical indicators show that Brent futures saw RSI correct from the overbought territory whilst the Bollinger bands have maintained their width despite lower price action, indicating consistent volatility levels.