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Category archives: Fuel Oil
Morning Oil Report 13/1/21
Oil prices gained more than 1% on Wednesday, with U.S. crude rising for a seventh day, after industry data showed a bigger than expected drop in inventories and investors shrugged off worsening developments in the pandemic. Anger and uncertainty surrounding the impeachment of the current US president is seemingly have little to no effect on …
European Close 12/1/21
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Fuel Oil Daily Evening Report 12/1/21
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Oil and Ore Intraday Morning Technical 12/1/21
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Capesize rates rally on thin tonnage
Capesize freight rates continued its bullish run, drawing supports from the better shipping demand in both basins. The Capesize 5 time charter average then rose by $3,376 day-on-day to $24,507 on Monday, after heavy volume changed hands in the paper market. The Baltic Dry Index (BDI) also followed the Capeszie rally and hiked up by …
Oil Morning Report 12/1/21
Brent crude oil futures slipped 10 cents, or 0.2%, to $55.56 a barrel by 0500 GMT before hitting highs of $55.93 at 0700GMT, while U.S. West Texas Intermediate (WTI) fell 8 cents, or 0.2%, to $52.17 a barrel. Worldwide coronavirus cases surpassed 90 million on Monday, according to a Reuters tally, as nations around …
Fuel Oil Daily Evening Report 11/1/21
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European Close 11/1/21
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Capesize rates hike up on better Atlantic market
Capesize freight rates rose again on better shipping demand with much improvement seen in the Atlantic market. The Capesize 5 time charter average then went up by $3,533 day-on-day to $21,131 on Friday, with both basins in fixing big rates. The Baltic Dry Index (BDI) also hiked up by 10.91% or 158 points to 1,606 …
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