C(P) You At The Settle
April 24, 2024
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.
Reports
Brent Stable Around $88/bbl Levels
April 24, 2024
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
April 23, 2024
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
April 23, 2024
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
April 23, 2024
This past fortnight has seen a rejuvenated naphtha complex in both regions, with Eastern structure the slightly better performer.
Up-Dated: Supplementary Report
April 23, 2024
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
April 23, 2024
With another week comes a fresh slew of trade ideas by Onyx Research.
Brent Around $87/bbl Handles
April 23, 2024
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
April 22, 2024
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?
April 22, 2024
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.
CT-Aaaaaagh What A Drop: CFTC Weekly Analysis
April 22, 2024
For the week to Apr 16, we saw contrasting positions adopted by money managers across the two benchmarks.
Brent Pushing Back Towards $87/bbl
April 22, 2024
The Brent futures flat price for the prompt contract has witnessed a mixed morning. Price action initially fell around $1 to lows of $85.81/bbl at 08:20 BST, before recovering to print at $86.72/bbl at 10:55 BST.
This Week’s Target Price: $85-87/bbl
April 22, 2024
The Jun Brent futures flat price witnessed a sharp rally last Friday (April 19), surging back into the $90/bbl region before easing off to $87.20/bbl handles the following evening.
Quiet But Stronger Afternoon For Brent
April 19, 2024
Prompt Brent futures flat price has witnessed a quieter afternoon period, albeit a stronger one as prices have risen by around $1. Price action fell to lows of $86.22/bbl at 12:15 BST, but at this level participants were happy to add some length as prices retraced higher to $87.67/bbl at 16:05 BST.
Fuel Oil Report – Better Comeback Story Than Tiger Woods Winning The Masters
April 19, 2024
This fortnight in HSFO saw incredible bearishness in Europe turn to bullish sentiment amid a news on a reinstatement of sanctions on Venezuelan crude.