Brent crude oil futures were down 65 cents, or 1.2%, at $55.34 a barrel by 0439 GMT, after having climbed to $56.39, their highest since Feb. 25, 2020. Brent rose in the previous four sessions. The European Benchmark fell to $55.06 by 0700GMT. U.S. West Texas Intermediate (WTI) slipped 44 cents, or 0.8%, to $51.80 …
Category archives: Fuel Oil
European Close 8/1/21
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Fuel Oil Daily Evening Report
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FIS Technical – Brent March 21 Intraday
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Oil and Ore Intraday Morning Technical
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Capesize picks up on better demand and thinner tonnage
Capesize freight rates improved on better shipping demand in both the Pacific and Atlantic basins. The Capesize 5 time charter average then went up by $288 day-on-day to $17,598 on Thursday, due to the tighter Atlantic market. The Baltic Dry Index (BDI) also rose higher by 1.61% or 23 points to 1,448 readings, due to …
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Morning Oil Report
Brent crude climbed 13 cents, or 0.2%, to $54.51 a barrel by 0531 GMT before hitting levels of just under $54.84 at 0700GMT. It touched $54.90 on Thursday, the highest since February. U.S. West Texas Intermediate (WTI) gained 14 cents, or 0.3%, to $50.97. The contract closed up 0.4% on Thursday after also hitting its …
Fuel Oil Daily Evening Report
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Oil and Ore Intraday Morning Technical 7/1/21
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Morning Oil Report 7/1/21
Brent crude was up 40 cents, or 0.7%, at $54.70 a barrel by 0512 GMT before pushing up to highs of $54.85 at 0700GMT, after gaining 1.3% overnight. U.S. West Texas Intermediate (WTI) gained 43 cents, or 0.9% to $51.06. The contract rose 1.4% on Wednesday. EIA week ending 1/1 Crude oil: -8.0M Gasoline: …