The decision on every barrel, every morning.

Decision software for Gulf oil trading desks.

Morning DeskTue 3 Nov 2026, 07:00 Dubai07:00, brief sent

Ranges, 80%centred on the last close, no direction

MarketLast1 day5 days21 daysRegime
BrentNYMEX BZ, $/bbl104.77101.11–108.5696.50–113.7588.45–124.10volatile
WTINYMEX CL, $/bbl96.4692.96–100.0988.71–104.8880.87–115.05volatile
ULSDNYMEX HO, $/bbl185.71179.41–192.23171.37–201.25156.17–220.82volatile
RBOBNYMEX RB, $/bbl139.10close 30 Oct135.50–142.81131.02–147.68122.36–158.14normal
Diesel crackHO − Brent, $/bbl80.9475.86–86.0169.28–92.6056.24–105.63volatile
Gasoline crackRB − Brent, $/bbl21.46close 30 Oct18.90–24.0315.75–27.1810.07–32.86volatile
Henry HubNYMEX NG, $/MMBtu2.8562.748–2.9682.620–3.1142.378–3.430normal
Held 2012–2679.2–80.8%78.4–80.6%77.2–80.6%

Decisionsillustrative inputs

Gasoil 10 ppm · 35,000 t · Mina Al Ahmadi

Sell now, or store 7 days at Fujairah?

  • Sell nowreference
  • Store 7 days, sell spot · unhedged−$428k80% −$4.07M to +$3.35M
  • Store 7 days, sell forward today · hedged−$429k80% −$514k to −$344k

Recommended Sell now, measurable edge

Jet A-1 · 60,000 t FOB Mina Al Ahmadi

Sell FOB now, or deliver CFR Rotterdam via the Cape?

  • Sell FOB nowreference
  • Deliver CFR Rotterdam, priced on arrival · unhedged−$44k80% −$16.77M to +$17.95M
  • Deliver CFR Rotterdam, sold forward today · hedged−$44k80% −$392k to +$305k

Keep Sell FOB now, no measurable edge in expected value, lower risk

CDU-2 Mina Abdullah · 180 kb/d · one week

Which crude slate this week?

  • Arab Light 100%$16.64/bbl80% 5.32–28.07
  • Basrah Medium 70% / Arab Light 30%$17.00/bbl80% 5.90–28.23
  • Basrah Medium 100%$17.16/bbl80% 6.06–28.37

Keep Arab Light 100%, no measurable edge

Alertssince last close

  • RegimeBrent Regime normal → volatile
  • MissBrent −7.63% on the day, outside yesterday's 99% range of −5.41% to +5.71%
  • RegimeWTI Regime normal → volatile
  • MissWTI −7.36% on the day, outside yesterday's 99% range of −5.91% to +6.28%
  • RegimeULSD Regime normal → volatile

Curvessecond month less first

  • Brent−3.07$/bbl, backwardation
  • WTI−1.66$/bbl, backwardation
  • ULSD−3.68$/bbl, backwardation
  • RBOB−2.47$/bbl, backwardation
  • Henry Hub+0.49$/MMBtu, contango

07:00 briefe-mail and WhatsApp

  • CrudeBrent 104.77, −7.63% on the day and outside yesterday's 99% range. Regime now volatile.
  • GasoilSell now. Storing 7 days nets −12.23 $/t in a backwardated curve.
  • JetNo measurable edge between FOB and CFR Rotterdam. FOB carries less risk.
  • CDU-2No measurable edge between slates. Keep Arab Light 100%.

Public data, NYMEX closes of 2 Nov, VIX 21.15Horizons in trading daysEngine run 2026-11-03 23:02

78.2%

Brent 1-day range held, last 239 sessions

77–81%

of 80% ranges held since 2012, seven markets

Nobody can call Brent up or down, so we price the range instead.

Morning Desk

Ranges for seven markets and a dollar value on each cargo, before the open.

The Morning Desk screen of the application: the ranges table on the left, the gasoil decision in the middle, the alerts on the right.

Shadow Book

Our call next to yours on your real book, added up in dollars.

The Shadow Book screen of the application on the demo desk, every decision of the first fourteen days scored in dollars against ours.

Decision Journal

Every call timestamped and chained, nobody edits it afterwards.

The Decision Journal screen of the application, chained entries with their hashes and the verified head hash.

Accuracy Record

Each range scored against the next close since 2012, misses included.

The public Accuracy Record page of the application, ranges published and scored, with the live coverage table.

What it costs.

USD a month per desk. The first week is free and the first month is refunded on request.

Start on your own book.

One trading week on your own book, with no card and no call.