Category archives: Fuel Oil

FIS Fuel Oil Morning Report 4/2/21

Brent crude futures gained 47 cents, or 0.8%, to $58.93 a barrel, by 0317 GMT with levels reaching $59 by 0745GMT, having earlier hit their highest since Feb. 21, 2020 in the wake of the OPEC+ decision. U.S. West Texas Intermediate (WTI) crude futures climbed 49 cents, or 0.9%, to $56.18 a barrel after reaching …

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Daily Capesize Review 3/2/21

Capesize freight rates slid downward on muted physical market with Lunar New Year holidays round the corner. The Capesize 5 time charter average then slumped further by $1,251 day-on-day to $12,802 on Wednesday, after a choppy trading session. The Baltic Dry Index (BDI) also continued to dip further by 3.84% day-on-day or 53 points to …

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FIS Fuel Oil Morning Report 03/02/2021

U.S. West Texas Intermediate (WTI) crude futures climbed 24 cents, or 0.4%, to $55.00 a barrel at 0447 GMT, for a third straight day of gains. The benchmark hit a one-year high of $55.26 on Tuesday. Brent crude futures rose 26 cents, or 0.5%, to $57.72 a barrel, for a fourth day of gains after …

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Daily Capesize Review 2/2/21

Capesize freight rates continued to slump on the growing tonnage list, despite strong bunker prices that failed to support prices. The Capesize 5 time charter average then dropped by $1,463 day-on-day to $14,053 on Tuesday, after a selloff in the market. The Baltic Dry Index (BDI) also plunged by 4.43% day-on-day or 64 points to …

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