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 …
Category archives: Fuel Oil
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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Morning Oil Report
Brent crude fell 23 cents, or 0.6%, to $41.69 a barrel by 0243 GMT after dropping 2.9% last week. WTI on the other hand was at $40.04 a barrel, down 21 cents or 0.5%, following a 2.1% decline last week. The previous week did not set the world alight as gains in crude prices …
Fuel Oil Daily Evening Report
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Capesize rates go bullish on better market fundamentals
Capesize freight rates continued its bull run due to the rally in the physical market with much improvement seen in the Atlantic market. The Capesize 5 time charter average then jumped by $4,249 day-on-day to $22,841 on Thursday, due to firming rates in both the Pacific and Atlantic basins. The Baltic Dry Index (BDI) also …
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