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Futures volumes jump but year-on-year weakness persists

Front-month futures volumes rose sharply as traders rolled positions, though activity remains deeply down year on year across contracts.
Published: 10 January 2026
Edition: Liquidity ReportVolume: 2Issue: 1
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In the week ending 2 January 2026, exchange traded futures volumes showed significant increases w/w across instruments in the first three tenors, as traders rolled their positions. Brent showed significant increases particularly in April and May tenors, up 35.92% and 39.87%, respectively.

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The Officials publish outright values, spreads, cracks and boxes for the main energy commodities traded in the marketplace. The published values are determined independently and on a fair market basis by our team of dedicated professionals.

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Weekly reports analysing global liquidity in the oil markets

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