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A Broker’s Take: Jun/Jul Sing 380

2 min read
Tug boats drag Oil ship tanker park to port for transfer crude oil to oil refinery.

The Jun/Jul Sing 380 contract witnessed uninspiring price action throughout March and into April. We saw price action come off from a high of $5/mt on Mar 26 to a low of $1/mt come Apr 10. While the contract found support at these lows and rallied to $2.25/bbl come Apr 15, we expect the 380 spread to gather further upward momentum in the near term.

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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.