FIS Fuel Oil Morning Report 22/03/21

Brent crude was down 60 cents, or 0.9%, at $63.93 a barrel by 0136 GMT before softening sharply to print $63.60 by 0715GMT. U.S. oil was off by 68 cents, or 1.1%, at $60.74 a barrel. Both contracts fell by more than 6% last week.   Oil rose more than 2% in volatile trading on …

FIS Fuel Oil Morning Report 19/03/21

U.S. West Texas Intermediate (WTI) crude fell 4 cents, or 0.07%, to $59.96 a barrel by 0552 GMT. Brent crude was down 10 cents, or 0.16%, to $63.18 a barrel. After what seemed to be a huge correction, with brent falling off by over 8% on Thursday’s trading.  Oil had edged up in Asia’s morning …