FIS Fuel Oil Morning Report 08/07/2020

Good morning all. Brent crude futures fell 10 cents, or 0.2%, to $42.98 a barrel by 0417 GMT. U.S. WTI crude futures dropped 12 cents, or 0.3%, to $40.50 a barrel, holding to the narrow range of the past few weeks. The American Petroleum Institute (API) reported crude stockpiles rising by 2.05 million barrels last …

IRON ORE DAILY MARKET UPDATE

Market Commentary Iron ore futures advanced again on Tuesday, aided by bullish sentiment in China’s equity markets as well as concerns over near-term supply tightness. Following its best single-day percentage gain in about five years on Monday, the Shanghai composite were again higher on Tuesday, despite state media calling for retail investors to be rational, …