Insights

Daily Oil Fundamentals

Cutting Through the Noise

21 Oct 2026

Cutting Through the Noise

The combination of an IEA pledge to release more oil from strategic petroleum reserves if needed, a high-level Iran-Pakistan meeting, and the reappearance of Russian diesel on the international market provided a convenient excuse for profit-taking. After Brent's rally to $112/bbl, even tentative signs of additional supply or diplomatic progress were enough to tempt traders with a bullish bias to bank some profits.

Daily Oil Fundamentals

Diesel Deals and Doodles

16 Oct 2026

Diesel Deals and Doodles

A disparity, or correction depending on one’s bent, has formed in the oil complex, and it is inspired by the recent outperformance of WTI. There are several contributing factors, some that are fairly obvious and one a little more debatable.

Daily Oil Fundamentals

Sentiment Setback

15 Oct 2026

Sentiment Setback

Despite the quite extraordinary draw in crude inventories as published by the American Petroleum Institute of 11.1mb, oil prices are adhering to the sentiment in the wider suite and take a correction.

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