FIS Fuel Oil Morning Report 19/03/21

U.S. West Texas Intermediate (WTI) crude fell 4 cents, or 0.07%, to $59.96 a barrel by 0552 GMT. Brent crude was down 10 cents, or 0.16%, to $63.18 a barrel. After what seemed to be a huge correction, with brent falling off by over 8% on Thursday’s trading.  Oil had edged up in Asia’s morning …

Ferrous trade weekly review 19/3/21

A total of 1.065 million mt of iron ores was traded for the week ended Mar 19, up 19.93% on-week from previous week trade volumes, amid the output curb in Tangshan. Thus, the market participants were spooked by output curb, which affected the buying interests for raw materials. During the week, the PBF accounted the …