Brent crude futures for January rose 18 cents, or 0.4%, to $44.00 a barrel by 0737 GMT and U.S. West Texas Intermediate crude for December added 8 cents, or 0.2%, to $41.42 a barrel. However, as we entered the European open the market started to fall, dropping below the $44. A vaccine that is …
Category archives: Fuel Oil
RCEP agreement fails to support Capesize market
Capesize freight rates continued to correct on softening physical market for a slow start to the week. The Capesize 5 time charter average then dipped by RMB 216 day-on-day to $12,282 on Monday, amid thin market activities with public holidays in Singapore and India. The Baltic Dry Index (BDI) also fell slightly by 0.36% or …
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European Close
On Friday we felt that there should still be another move higher for iron ore in this cycle, with our rule of alternation suggesting we should base between RMB 820 – RMB 811 but ultimately needed to see a pullback that held above the RMB 798 level. The Singapore holiday has been kind to us …
Oil Through the Looking Glass 16.11.2020
*OPEC+ Starts Meetings to Weigh Further Steps to Support Market* Today marks the start of the meetings that will be looking to address the current state of the oil market, and how the cartel can look to support prices going into what may be a turbulent turn of the year as people look to rebuild …
Oil and Ore Intraday Morning Technical
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Morning Oil Report 16/11/20
Brent crude futures for January rose 44 cents, or 1%, to $43.22 a barrel by 0204 GMT, while U.S. West Texas Intermediate crude for December was at $40.67 a barrel, up 54 cents, or 1.4%. Libya output continues to climb after analysts predict that output could be at around the 1.2 million barrels per …
European Close 13/11/20
Iron ore bulls will have been happy with how the week was going before it wrapped. Prices were firm with an expectation that we could see another round of buying before the winter season started. This all changed 28 minutes before the closing bell, with price stalling below the CNY 850 resistance, leaving the market …
Fuel Oil Daily Evening Report
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Oil and Ore Intraday Morning Technical
Please click below to view the report For more information please contact FIS info@freightinvestor.com London +44 (0) 207 090 1120 Singapore +65 6535 5189 Dubai + 971 4 449 3900 Shanghai: +86 21 6335 4002 US (CT): +1 203 325 8004 US (KS): +1 813 490 6630
Morning Oil Report 13/11/20
Brent crude was down 51 cents, or 1.17%, at $43.01 a barrel as of 0751 GMT, after dropping 0.6% on Thursday. EIA data released on Thursday showed a larger than expected build of crude stocks of +4,3 million barrels in the week ending 6th November. This lead oil prices to fall slightly into Friday, …