*Oil Balanced on Competing News* The US increase in virus cases is causing concerns for the recovery of demand for oil and more generally of attempts to return life around the globe to normal. The second wave of virus cases has put in doubt plans by many states to further relax lockdown measures, delaying further a …
Category archives: News
Steel & Scrap 09-07-20
DCE hits almost one year high on better market outlook
Chinese futures rallied throughout the week and reached almost a one-year high, upon market optimism. The most-actively traded iron ore futures on the Dalian Commodity Exchange (DCE), for September delivery, rose by RMB 8 or 1.02% day-on-day to RMB 789 per tonne, a 11-month high on Thursday. Likewise, the steel rebar contract on the Shanghai …
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Fertilizer Financial Markets Commentary/Curves
Morning Oil Note 9/7/20
Good morning all. Brent futures rose 2 cents, or 0.05%, to $43.31, by 4:43 am GMT, while WTI futures dipped 3 cents, or 0.07%, to $40.87 a barrel. According to data from the US Energy Information Administration, US oil stockpiles for the week ended July 3 increased by 5.7 million barrels from the previous week …
