Expected Refiner Hedging Across the Board
Oil prices wobble as cracks diverge and geopolitics fade, with data pointing to refiner hedging
2 reports
Supported Territory
Front-month Brent tested key $60/bbl support, rebounded sharply, and now faces trendline and moving-average resistance overhead.
Published: 6 January 2026
9 page report
The M1 Brent futures contract ground lower throughout the beginning of last week, printing three consecutive lower closes between 30 Dec and 02 Jan. Prices tested the extremely critical $60/bbl psychological support level on 02 Jan before bouncing off to reach a high of $61.89/bbl on 05 Jan.
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A weekly premium report comprising movements in price action across key swaps and futures contracts
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