FIS Fuel Oil Morning Report 24/03/21

Brent crude futures rose 8 cents, or 0.1%, to $60.87 a barrel by 0454 GMT, after tumbling 5.9% and hitting a low of $60.50 the previous day. West Texas Intermediate (WTI) crude futures climbed 8 cents, or 0.1%, to $57.84 a barrel, having lost 6.2% and touched a low of $57.32 on Tuesday. Both benchmarks …

Daily Capesize Review 23/3/21

Capesize freight rates reversed into correction, with some profit-takings from trade participants after the recent rally. The Capesize 5 time charter average then plunged down by $637 day-on-day to $19,114 on Tuesday, after a selloff in the paper market. The Baltic Dry Index (BDI) followed the correction and went down by 2.07% or 48 points …