Here's our factsheet for March 2026.

Oil prices have risen sharply since the attack on Iran was launched by Israel and the US. That is logical, but at levels of $107 for Brent and $101 for WTI, it appears to be more a case of “controlled panic.” Brent has been trading above $100 per barrel for over two weeks but has only briefly moved above $110.

Over the past few weeks some highly improbable trades have seen the light of day. And what we mean by that are trades, that are so perfectly timed, that mere chance is a stretch to explain them.