Category archives: Fuel Oil

Morning Oil Report 13/01/22

At 10:03 am Singapore time (0203 GMT), the ICE March Brent futures contract was down 4 cents/b (0.05%) from the previous close at $84.63/b, while the NYMEX February light sweet crude contract was 5 cents/b (0.06%) lower at $82.59/b.   US DoE Crude Oil Inventories: – (W/W) 07-Jan: -4553K (est -1850K; prev -2144K) – Distillate: …

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Morning Oil Report 12/01/22

At 10:04 am Singapore time (0204 GMT), the ICE March Brent futures contract was up 20 cents/b (0.48%) from the previous close at $83.92/b, while the NYMEX February light sweet crude contract was 39 cents/b (0.48%) higher at $81.61/b.   Oil prices surged yesterday along with other risk assets following comments from US Fed Chairman, …

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A Room with a Technical View 11/1/22

Technical Round ups:   Capesize February futures – Price is below all key moving averages supported by the RSI below 50. We continue to see a positive divergence between the RSI and the futures, this is not a sell signal, but it is a warning that we have the potential to see a momentum slowdown. …

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