Daily Oil Fundamentals

That Was the Month that Was....

01 Dec 2025

That Was the Month that Was....

WTI +$0.49/barrel (+0.84%), Brent +$0.64/barrel (+1.02%), Heating Oil -12.34c/gallon (-5.02%), RBOB +1.25c/gallon (+0.66%) and Gasoil -$26.00/tonne (-3.65%). The difference between COB in October and November shows WTI -3.98%, Brent -2.87%, Heating Oil -4.04%, RBOB -4.88% and Gasoil -4.56% respectively. This is the longest run of losses since WTI fell five times during the Nov22 to Mar23 period and Brent’s five-straight declines over Jan23 to May23.

Daily Oil Fundamentals

Believe it When You See it

28 Nov 2025

Believe it When You See it

Oil market participants do not need any more uncertainty, therefore the glitch in CME today which has all futures markets down, might throw up some strange trading levels when it eventually arises from its binary-spilling slumber. As it is, the Ukraine negotiations can give one a healthy dose of optimism or in our case, scepticism.

Daily Oil Fundamentals

Ukraine, Alone in Action - Again

27 Nov 2025

Ukraine, Alone in Action - Again

Even though each week threatens to reveal a final solving of the never-ending and multi aspects of a Russian solution in oil market thinking, there is always a Narnia cupboard door allowing an escape into fantasy to gather more unforeseen and unexpected twists.