Category archives: News

Oil Through the Looking Glass 21/7/20

Hedge Funds Pretty Flat on Oil Money managers seem to be staying clear of any new significant purchases of oil, or perhaps they have all taken a synchronised holiday, as purchases dropped to and equivalent 24 million bbls of futures and options, up slightly from 21 million the previous week, but still not really making …

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FIS Fuel Oil Morning Report 21/07/2020

At 2:27 am GMT, Brent futures were up 7 cents/b, or 0.16%, at $43.35/b, while WTI was up by 6 cents/b, or 0.15%, at $40.87/b, and it has continued to rise into the European trading hours.   Prices were offered support by positive news on the development of vaccines as pharmaceuticals and medical institutions are …

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Crude nervy on virus threat to US gasoline demand

Lingering concerns over rising Coronavirus infections worldwide and its impact on demand continued to weigh on crude market sentiment and limit any upside.   More than 14.5 million people have been infected by the novel Coronavirus globally and more than 604,000 have died of COVID-19, the disease caused by the pathogen, according to a Reuters …

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