**Oil falls second day as rising virus cases spur demand worries** Rising coronavirus cases heading into the northern winter has many seeing a cause for concern with oil posting its second loss this week as infections see unprecedented rises that will most likely curd the rebound of demand for fuel and oil products. …
Category archives: Fuel Oil
Oil and Ore Intraday Morning Technical
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Capesize rates inch up on better post-Golden week demand outlook
Capesize freight rates spotted slight gain on better shipping outlook on the Pacific market and demand for Brazilian iron ores. Thus, the Capesize 5 time charter average then gained by $80 day-on-day to $23,813 on Tuesday, due to bullish market sentiment. Then, the Baltic Dry Index (BDI) rose by 0.24% or 4 points day-on-day to …
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Morning Oil Report
Brent futures for November delivery fell $1.40, or 3.3%, to settle at $41.03 a barrel, while the more active Brent contract for December fell 3.1% to settle at $41.56. WTI crude fell $1.31, or 3.2%, to settle at $39.29 per barrel. A quiet Tuesday mimics the sentiment of Monday as we lead up to …
London Iron Ore Market Report
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Oil and Ore Intraday Morning Technical
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Capesize rates correct ahead of China’s holidays
Capesize freight rates softened as trading activities slowed down ahead of Golden Week holidays. The Capesize 5 time charter average then dropped by $445 day-on-day to $23,733 on Monday, due to the market cooldown. Then, the Baltic Dry Index (BDI) dipped by 0.78% or 13 points day-on-day to 1,654 readings due to the correction of …
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Morning Oil Report
Brent crude settled at $42.43 a barrel, up 51 cents, or 1.22%, where WTI futures settled at $40.60 a barrel, rising 35 cents, or 0.87%. On a quiet Monday, focus remains on continuing trepidation on the future 6 months of Crude and how the virus is going to play a key part in the …
Fuel Oil Daily Evening Report
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Capesize rates hike up amid markets’ profit-taking
Capesize freight rates paused for a breather from the bullish run as market participants proceeded with profit takings. Thus, the Capesize 5 time charter average surged by $1,337 day-on-day to $24,178 on Friday, amid the market cooldown. Then, the Baltic Dry Index (BDI) jumped by 3.86% or 62 points day-on-day to 1,667 readings on good …
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