Brent futures were up 9 cents or 0.2%, at $43.24 per barrel whereas WTI futures were up 10 cents, or 0.2% at $42.21 a barrel. The UK begins the week with the news that the second wave of coronavirus is upon us, which brings with it concerns on how this will affect lockdowns across …
Category archives: Fuel Oil
Fuel Oil Daily Evening Report
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Oil and Ore Intraday Morning Technical
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Capesize rates gain on better market outlook
Capesize freight rates spotted a gain on better physical activities and expectation of another rally in Q4. The Capesize 5 time charter average went up by $211 day-on-day to $15,875 on Thursday, on good market volume and market optimism for Q4. The Baltic Dry Index (BDI) then rose by 1.01% or 13 points day-on-day to …
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OTTLG 18.09.2020
**Oil rises 2%, reverses losses as OPEC+ addresses market weakness** Oil prices rose more than 2% on Thursday as OPEC and its allies announced that it would be taking a tougher stance on non-compliance from nations and that it would be calling another meeting if the oil price looked to be weakening even further. The …
Morning Oil Report
Good morning! Brent crude was up 27 cents or 0.6% at $43.57 a barrel with the WTI futures gaining 23 cents or 0.6% to $41.20 a barrel. The main news of the week centred around the OPEC meeting on Thursday and how that would shape the oil production for the rest of the …
Fuel Oil Daily Evening Report
Please click below to view the report For more information please contact FIS info@freightinvestor.com London +44 (0) 207 090 1120 Singapore +65 6535 5189 Dubai + 971 4 449 3900 Shanghai: +86 21 6335 4002 US (CT): +1 203 325 8004 US (KS): +1 813 …
Capesize rates dip for correction phrase
Capesize freight rates took a correction after recent rally as trade participants waited for clearer market directions. The Capesize 5 time charter average dropped by $278 day-on-day to $15,664 on Wednesday, due to a slip in the physical market. The Baltic Dry Index (BDI) then dipped slightly by 0.62% or 8 points day-on-day to 1,281 …
Morning Oil Report
Good morning, Brent crude futures fell 36 cents or 0.8% to $41.86 per barrel, and the WTI benchmark fell 43 cents or 1.1% to $39.73 per barrel after both climbed 4% over Wednesday. EIA data welcomed a much needed draw in crude stocks by 4.4 million barrels which could be the reason for …
Fuel Oil Daily Evening Report
Please click below to view the report For more information please contact FIS info@freightinvestor.com London +44 (0) 207 090 1120 Singapore +65 6535 5189 Dubai + 971 4 449 3900 Shanghai: +86 21 6335 4002 US (CT): +1 203 325 8004 US (KS): +1 813 …