Category archives: Fuel Oil

A Room with a Technical View 08/08/22

Capesize September Futures – We noted on the last report that the futures were technically bullish based on higher highs and higher lows; however, with the RSI at 50 and the stochastic overbought, momentum was warning that if the RSI moved below 50, we could be vulnerable to a test to the downside. The RSI …

Continue reading “A Room with a Technical View 08/08/22”

EU Submits “Final Text” To Revive Iran Nuclear Accord 09/08/22

Oil dips on chance of Iran supply boost   Oil prices pulled back slightly on Tuesday on the latest progress in last-ditch talks to revive the 2015 Iran nuclear accord, which would clear the way to boost its crude exports in a tight market. Brent crude futures fell 14 cents, or 0.1%, to $96.51 a …

Continue reading “EU Submits “Final Text” To Revive Iran Nuclear Accord 09/08/22″