Tag archives: FO

Oil and Products Morning Report 30/11/21

Oil headed for the biggest monthly loss since the early days of the coronavirus pandemic as investors weighed risks posed by the new omicron variant, with a top drugmaker saying the world may now need new vaccines. WTI plunged 3%, failing to hold on to early gains, as global benchmark Brent also tumbled. There is …

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Daily Capesize Review 26/11/21

Capesize freight rates continued to rise, despite market scares of the new covid variant spread and expectation of adverse weather that affected shipping activities. The Capesize 5 time charter average, then rose by $1,076 day-on-day to $32,393 on Friday, amid a choppy market. The Baltic Dry Index (BDI) then rose by $89, up 3.32% day-on-day, …

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Oil and Products Report 29/11/21

Good morning, the oil market ended last week on a negative note. ICE Brent settled more than 11.5% lower on Friday, closing at its lowest level since September. The front-month contract plunged below the 100-day moving average and all the way towards the 200-day moving average. Concern over the latest Covid variant and the resulting …

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