Category archives: News

Morning Oil Report 04/11/20

Brent remain choppy this morning as API data shows of a Crude draw in the US but the short-term outlook remained uncertain as the outcome of the US election remained as clear as mud. West Texas Intermediate was up 0.3%, at $37.67 a barrel by 0735GMT, after trading in a nearly $1 range. Brent crude …

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Capesize rates falls after short market rebound

Capesize freight rates plunged again after the recent rebound as bearish sentiment took over the freight market. The Capesize 5 time charter average then dropped by RMB 270 day-on-day to $15,445 on Tuesday, following a negative index. The Baltic Dry Index (BDI) also came under pressure and dropped by 1.64% or 21 points to 1,263 …

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European Close 3/11/20

Strong PMI figures in China have not filtered through to the DCE iron ore with price remaining below the RMB 806 level. A positive night session has seen the futures move RMB 8 higher, USD 1.18 for the Nov futures (+1.1%). Potentially this is nothing more than day traders positioning themselves for a potential change …

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