FIS Fuel Oil Morning Report 26/06/2020

Good morning and happy Friday. Firstly a massive congratulations to the reds for winning their first title for 30 years! Oil prices rose in early trade on Friday, extending gains from the previous day on optimism about recovering fuel demand worldwide, despite surges in coronavirus infections in some U.S. states and indications of a revival …

Did Someone Mention Increasing Demand?

It is the panacea for all markets, the biggest factor that could help us recover some sense of normality, the only thing that will bring a smile to suppliers across the world. It is, of course, increasing demand.   The virus has caused huge disruption and left markets unable to react quickly enough to counteract …

Oil Through The Looking Glass

*Crude Back in Trouble* Oil prices have continued their movements downwards as the markets digests the news of another US stocks build reported yesterday afternoon, as well as a resurgent virus in the United States. New infections are at new daily records in Florida, Texas and California. According to the EIA U.S. crude inventories rose …