U.S. West Texas Intermediate (WTI) crude futures fell 33 cents, or 0.62%, to $52.52 a barrel at 0452 GMT, erasing Wednesday’s gain. Brent crude futures fell 36 cents, or 0.65%, to $55.45 a barrel before softening to lows of $55.31 by 0710GMT, after losing 10 cents on Wednesday. EIA week ending 1/22 Crude oil: …
Category archives: Fuel Oil
Daily Capesize Review 27/1/21
Capesize freight rates continued the downward trend with softening physical market that caused a selloff in the paper market. The Capesize 5 time charter average then dived further by $2,919 day-on-day to $17,790 on Wednesday, despite some late buying activities as some buyers tried to pick from the market bottom. The Baltic Dry Index (BDI) …
European Close 27/1/21
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Fuel Oil Daily Evening Report 27/1/21
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Oil and Ore Intraday Morning Technical 27/1/21
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Daily Capesize Review 26/1/21
Capesize freight rates extended losses from weak physical fundamentals that resulted a selloff in the paper market. The Capesize 5 time charter average then plunged further by $2,657 day-on-day to $20,709 on Tuesday, following the weak physical market. The Baltic Dry Index (BDI) then headed south on weakening freight rates and fell by 6.01 % …
FIS Fuel Oil Morning Report 27/01/2021
Brent crude futures climbed 19 cents, or 0.3%, to $56.10 a barrel at 0452 GMT, adding to a small gain on Tuesday before pushing even further up to $56.33 levels by 0730GMT. U.S. West Texas Intermediate (WTI) crude futures rose 20 cents, or 0.4, to $52.81 a barrel, reversing Tuesday’s loss. The American Petroleum …
Fuel Oil Daily Evening Report 26/1/21
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European Close 26/1/21
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Oil Through the Looking Glass 26/1/21
IMF Forecasts 21% Rebound In Crude Oil Prices For 2021 To Just Above $50/B The IMF forecasts oil prices to average just above $50 per barrel in 2021, which would be 21% above the 2021 average for the year as the price recovery comes from the roll out of vaccines and potential recovery of many …