FIS Fuel Oil Morning Report 03/06/21

Brent crude futures were up 49 cents, or 0.7%, at $71.84 a barrel by 0233 GMT, the highest since September 2019. The international benchmark gained 1.6% on Wednesday. U.S. West Texas Intermediate crude futures rose 44 cents, or 0.6%, to $69.27 a barrel. Prices earlier rose to as much as $69.32, the most since October …

FIS Morning Report Tanker FFA 03-06-21

Massive Blaze Engulfs Tehran Refinery Hours After Sinking Of Iranian Warship (Oilprice) A major oil refinery in Tehran is now engulfed in a huge blaze just hours after on Wednesday morning the Islamic Republic’s largest warship caught fire and sank in the Gulf of Oman under mysterious circumstances.     Oil price rally continues on …