Capesize lead the way

Another strong day in the dry freight market with the Capesize index up 5.16% due to Chinese iron ore restocking and increased infrastructure spending. The index out outperformed the Baltic Dry Index which rose 3.79% after positive performances from the Panamax index at + 1.65% and Supramax Index + 0.77%.   The continued upside moves …

Oil Through the Looking Glass 23/6/20

*Sell Navarro, Buy Trump* The age-old trader saying of buy the rumour and sell the fact has a new variation in the market today. This centre’s around the confusing events of the US President and his trade advisor Peter Navarro. Navarro told Fox News in an interview that the trade deal with China was ‘over’; …

FIS Fuel Oil Morning Report 23/06/2020

Good morning all. Brent crude fell 26 cents, or 0.6%, to $42.82 a barrel by 0545 GMT, after earlier skidding to a session low of $42.21. U.S. oil was down 38 cents, or 0.9%, at $40.35 a barrel, having dropped to a low of $39.76. Prices dropped last night after Navarro told Fox News in …