Oil prices rebounded more than $1 on Monday after the U.S. House of Representatives passed a huge stimulus package, although a drop in China’s February factory activity growth capped gains. Brent crude futures for May rose $1.07, or 1.7%, to $65.49 per barrel by 0410 GMT. The April contract expired on Friday. U.S. West Texas …
Author archives: Edward Hutton
European Close 26/02/21
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London Coking Coal Market Report 26/02/21
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Fuel Oil Daily Evening Report 26/02/21
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London Iron Ore Market Report 26/02/21
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Supramax & Handysize FFA Daily Report 26/02/21
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Capesize & Panamax FFA Daily Report 26/02/21
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Panamax Technical Report 26/02/21
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Steel & Scrap Morning Report 26/02/21
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Fuel Oil Morning Report 26/02/21
U.S. West Texas Intermediate (WTI) crude futures dropped 72 cents, or 1.1%, to $62.81 a barrel at 0516 GMT, giving up all of Thursday’s gains. Brent crude futures for April, which expires on Friday, fell 63 cents, or 0.9%, to $66.25 a barrel, following a 16-cent loss on Thursday. The more active May contract was …