Category archives: Fuel Oil

Oil Through the Looking Glass 16/2/21

Oil ‘Supercycle’ Predictions Divide Veteran Traders The two biggest Wall Street banks have now come out and said that commodities are in a ‘supercycle’ with rates in oil potentially reaching up to $100 per barrel as the pandemic begins to come under control in many nations across the globe. The levels would be the highest …

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Fuel Oil Morning Report 16/02/21

Good morning,   Brent crude was up 35 cents, or 0.6%, at $63.65 a barrel at 0434 GMT, after rising to its highest since January 2020 in the previous session. U.S. West Texas Intermediate (WTI) crude futures gained 82 cents, or 1.4%, to $60.29 a barrel. WTI did not settle on Monday because of a …

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Daily Capesize Review 15/2/21

Capesize freight rates rebounded from losses as some market participants expected the market to bottom out from recent slump in view of better post-holidays shipping demand. The Capesize 5 time charter average then rose by $153 day-on-day to $10,457 on Monday, amid thin market activities due to holidays season. The Baltic Dry Index (BDI) also …

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Brent April 21 Morning Technical Comment – 60 Min 15/02/21

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Fuel Oil Morning Report 15/02/21

Brent crude was up $1.09, or 1.8%, at $63.52 a barrel at 0428 GMT, after climbing to a session high of $63.76, the highest since Jan. 22, 2020. U.S. West Texas Intermediate (WTI) crude futures gained $1.28, or 2.2%, to $60.75 a barrel. It touched the highest since Jan. 8 last year of $60.95 earlier …

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Morning Oil Report 12/02/21

Brent crude was down 47 cents, or 0.8% at $60.67 a barrel by 0309 GMT, having dropped half a percent the previous session. U.S. oil was down 53 cents, or 0.9% at $57.71 a barrel, after falling by 0.8% on Thursday. Both benchmarks closed on Wednesday at their highest levels since January 2020 after a …

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