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Up-Dated Supplementary Report – A Trampoline Named Contango

2 min read

Market Update

The Dated Brent market saw an impressive rally and was buoyed to even further heights after a very brief foray into contango territory. To borrow from the IEA, the market saw “Olympic levels of volatility” in the past month. Demonstrating this, the physical differential fell from $1.14/bbl on 2 August to -$0.19/bbl on 6 August before rising to $1.70/bbl on 12 August, reaching its highest level since February.

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Our team of skilled analysts, by utilising the depth and breadth of Onyx's proprietary data, position ourselves at the cutting edge of market analysis. This unique vantage point grants us an unparalleled perspective in the market, enabling us to identify emerging trends and lucrative opportunities.