Tag archives: FO

Morning Oil Report 08/12/21

At 10:42 am Singapore time (0221 GMT), the ICE February Brent futures contract was down 5 cents/b (0.07%) from the previous close at $75.39/b, while the NYMEX January light sweet crude contract fell 5 cents/b (0.07%) at $72/b.   API Crude -3.089m Gasoline +3.705m Distillate +1.228m Cushing +2.395m   The API said Dec. 7 that …

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Daily Capesize Review 8/12/21

Capesize freight rates hiked up, driven by better market optimism and strong Pacific shipping demand. The Capesize 5 time charter average, then increased by $2,354 day-on-day to $41,324 on Tuesday, due to bullish market sentiment in the paper market. The Baltic Dry Index (BDI) also rose by $117, up 3.62% day-on-day, to $3,352, due to …

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Morning Oil Report 07/12/21

At 10:30 am Singapore time (0215 GMT), the ICE February Brent futures contract was up 43 cents/b (0.62%) from the previous close at $73.51/b, while the NYMEX January light sweet crude contract rose 58 cents/b (0.59%) at $70.07/b.   Analysts have maintained that the recent sell-off that sent oil prices crashing by more than 20% …

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