Monthly archives: February 2021

Oil Through the Looking Glass 16/2/21

Oil ‘Supercycle’ Predictions Divide Veteran Traders The two biggest Wall Street banks have now come out and said that commodities are in a ‘supercycle’ with rates in oil potentially reaching up to $100 per barrel as the pandemic begins to come under control in many nations across the globe. The levels would be the highest …

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Fuel Oil Morning Report 16/02/21

Good morning,   Brent crude was up 35 cents, or 0.6%, at $63.65 a barrel at 0434 GMT, after rising to its highest since January 2020 in the previous session. U.S. West Texas Intermediate (WTI) crude futures gained 82 cents, or 1.4%, to $60.29 a barrel. WTI did not settle on Monday because of a …

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Daily Capesize Review 15/2/21

Capesize freight rates rebounded from losses as some market participants expected the market to bottom out from recent slump in view of better post-holidays shipping demand. The Capesize 5 time charter average then rose by $153 day-on-day to $10,457 on Monday, amid thin market activities due to holidays season. The Baltic Dry Index (BDI) also …

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