Category archives: Fuel Oil

FIS Fuel Oil Morning Report 24/03/21

Brent crude futures rose 8 cents, or 0.1%, to $60.87 a barrel by 0454 GMT, after tumbling 5.9% and hitting a low of $60.50 the previous day. West Texas Intermediate (WTI) crude futures climbed 8 cents, or 0.1%, to $57.84 a barrel, having lost 6.2% and touched a low of $57.32 on Tuesday. Both benchmarks …

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Daily Capesize Review 23/3/21

Capesize freight rates reversed into correction, with some profit-takings from trade participants after the recent rally. The Capesize 5 time charter average then plunged down by $637 day-on-day to $19,114 on Tuesday, after a selloff in the paper market. The Baltic Dry Index (BDI) followed the correction and went down by 2.07% or 48 points …

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FIS Fuel Oil Morning Report 23/03/21

Brent crude futures for May dropped by 68 cents, or 1.1% to $63.94 at 0149 GMT, erasing a 9 cent gain in the previous session. U.S. West Texas Intermediate (WTI) crude futures for May delivery fell 62 cents, or 1%, to $60.94 a barrel. The April contract expired on Monday at $61.55, up 13 cents …

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Daily Capesize Review 22/3/21

Capesize freight rates continued to push forward with firm support from smaller vessels, amid market expectation of more iron ore shipments in Q2. The Capesize 5 time charter average then inched up by $314 day-on-day to $19,751 on Monday, despite thin market activities at the start of the week. The Baltic Dry Index (BDI) also …

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