Morning Oil Report 23/12/21

At 9:55 am Singapore time (0155 GMT), the ICE February Brent futures contract was up 35 cents/b (0.46%) from the previous close at $75.64/b, while the NYMEX February light sweet crude contract rose 34 cents/b (0.47%) at $73.10/b.   Brent Feb 22 Morning Technical Comment – 60 Min 23/12/21 https://fisapp.com/wp-content/uploads/2021/12/FIS-Morning-Technical-Brent-23-12-21.pdf   EIA Crude: -4,715 Cushing: …

Daily Capesize Review 22/12/21

Capesize freight rates declined on limited market activities, as many trade participants went off for the holiday season. The Capesize 5 time charter average, then dropped up by $1,725 day-on-day to $20,363 on Wednesday, due to the lack of shipping activities during holiday season. The Baltic Dry Index (BDI) also dipped by $65, down 2.83% …

Morning Oil Report 22/12/21

At 9:57 am Singapore time (0157 GMT), the ICE February Brent futures contract was up 43 cents/b (0.58%) from the previous close at $74.41/b, while the NYMEX February light sweet crude contract was 55 cents/b (0.77%) higher at $71.67/b.   API Crude -3.670M Cushing +1.272M Gasoline +3.701M Distillate -0.849M   Analysts said Asian markets were …