Author archives: Edward Hutton

Morning Oil Report 19/11/20

Brent crude futures gained 12 cents, or 0.3%, to $44.46 a barrel by 0733 GMT, after gaining 1.4% on the previous day.   The US looks to begin its holiday season, a time typically for driving around the country, but this year, it is expected that the pandemic will cut the number of journeys made …

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European Close 18/11/20

Iron ore futures continue to trade at new highs signaling the market trend remains bullish. Demand remains resilient whilst we are seeing a decline in steel inventories by 178,400 tons (MySteel), this is following the strong industrial and property data from yesterday.   The fundamental continues to support the market with futures trading up to …

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