FIS Fuel Oil Morning Report 08/07/2020

Good morning all. Brent crude futures fell 10 cents, or 0.2%, to $42.98 a barrel by 0417 GMT. U.S. WTI crude futures dropped 12 cents, or 0.3%, to $40.50 a barrel, holding to the narrow range of the past few weeks. The American Petroleum Institute (API) reported crude stockpiles rising by 2.05 million barrels last …

FIS Daily Physical Review Jul 8th

Ferrous Market Updates –    ​Major mid-grade iron ores are seeing few weeks of tight supply. However some physical traders expect the supply will recover due to June shipments increase may reflect on July arrivals. Many ships congested in ports. –    Tangshan production curb only restricted on sintered machines, however no impact on blast furnace. –    …