Brent crude oil futures for July fell 6 cents, or 0.1%, to $68.59 a barrel by 0434 GMT, while U.S. West Texas Intermediate (WTI) crude for July was at $65.92 a barrel, down 15 cents, or 0.2%. U.S. crude oil and fuel inventories fell last week, said two market sources, citing Tuesday’s American Petroleum …
Category archives: Fuel Oil
European Close 25/05/21
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Fuel Oil Daily Evening Report 25/05/21
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Oil and Ore Intraday Morning Technical 25/05/21
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Daily Capesize Review 24/0/5/21
Capesize freight rates spotted slight gains on the improving physical market, especially from better shipping demand in the Pacific market. The Capesize 5 time charter average then inched up by $232 day-on-day to $32,825 on Monday, as the paper market maintained its bullish run since last week. The Baltic Dry Index (BDI) also hiked up …
FIS Fuel Oil Morning Report 25/05/21
Brent crude futures LCOc1 were up 14 cents, or 0.2%, at $68.60 a barrel by 0400 GMT, having jumped 3% on Monday. U.S. West Texas Intermediate futures CLc1 was up 8 cents at $66.13 a barrel, after gaining 3.9% the previous session. The case for oil to remain on target to hit $80 is …
Fuel Oil Daily Evening Report 24/05/21
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Oil and Ore Intraday Morning Technical 24/05/21
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Daily Capesize Review 21/0/5/21
Capesize freight rates inched up amid bullish sentiment in the paper market, though the physical market remained sluggish. The Capesize 5 time charter average then rose by $959 day-on-day to $32,593 on Friday, as the paper market extended its bullish run. The Baltic Dry Index (BDI) also went up slightly by 1.59% or 45 points …
FIS Fuel Oil Morning Report 24/05/21
At 11:39 am Singapore time (0339 GMT), the ICE Brent July contract was up 50 cents/b (0.75%) from the May 21 settle at $66.94/b, while the July NYMEX light sweet crude contract was up 60 cents/b (0.94%) at $64.18/b. Last week saw a dramatic decline for the brent front month futures as a result …