Tag archives: FO

Iron Ore and Oil Intraday Morning Technical 02/12/21

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Oil and Products Morning Report 02/12/21

Good morning. Oil clawed back some losses after plunging more than 6% over the previous two sessions on nervousness the rapid spread of the omicron virus variant will lead to more lockdowns and restrictions on movement. Against this backdrop, the OPEC+ alliance will decide on their supply policy for January later today. With oil prices …

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Daily Capesize Review 1/12/21

Capesize freight rates slipped at the start of the month, indicating a slow start to the holiday season as more tonnage returned to the market. The Capesize 5 time charter average, then dipped down by $158 day-on-day to $37,023 on Wednesday, amid a choppy market. The Baltic Dry Index (BDI) however, rose by $29, up …

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