Tag archives: FO

Daily Capesize Review 4/2/21

Capesize freight rates dipped slightly as the index flattened after much improvement with support from the rising bunker prices. The Capesize 5 time charter average then dropped slightly by $30 day-on-day to $12,772 on Thursday, after much improvement seen in the February contracts. The Baltic Dry Index (BDI) then remained flat at 1,327 readings after …

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Fuel Oil Morning Report 05/02/21

Brent crude futures climbed 40 cents, or 0.7%, to $59.24 a barrel by 0428 GMT, after hitting a high of $59.41, its highest since Feb. 20 last year. Brent is on track to rise 6% this week. U.S. West Texas Intermediate (WTI) crude futures jumped 42 cents, or 0.8%, to $56.65 a barrel, after touching …

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FIS Fuel Oil Morning Report 4/2/21

Brent crude futures gained 47 cents, or 0.8%, to $58.93 a barrel, by 0317 GMT with levels reaching $59 by 0745GMT, having earlier hit their highest since Feb. 21, 2020 in the wake of the OPEC+ decision. U.S. West Texas Intermediate (WTI) crude futures climbed 49 cents, or 0.9%, to $56.18 a barrel after reaching …

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Daily Capesize Review 3/2/21

Capesize freight rates slid downward on muted physical market with Lunar New Year holidays round the corner. The Capesize 5 time charter average then slumped further by $1,251 day-on-day to $12,802 on Wednesday, after a choppy trading session. The Baltic Dry Index (BDI) also continued to dip further by 3.84% day-on-day or 53 points to …

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