Brent crude futures for February rose 38 cents, or 0.8%, to $50.35 a barrel by 0454 GMT before ticking up by over 50 cents to $50.61 to 0741, while U.S. West Texas Intermediate crude futures for January were up 32 cents, or 0.7%, at $46.89 a barrel. Iran and its ministers are looking to …
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European Close 11/12/20
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Fuel Oil Daily Evening Report 11/12/20
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Morning Oil Report
Brent was up 11 cents or 0.2% at $50.36 a barrel by 0427 GMT and then gaining an extra 30 cents from then until 0730GMT, after gaining nearly 3% on Thursday. U.S. oil was up 14 cents, or 0.3%, at $46.92 a barrel, having also risen almost 3% in the previous session on the positive …
Capesize rates recover on improving demand despite cyclone concerns
Capesize freight rates rose on better fixtures done on both basins, that lifted the recent bearish market sentiments. Thus, the Capesize 5 time charter average then hiked up by $656 day-on-day to $10,951 on Thursday, amid the recent volatility in the market. The Baltic Dry Index (BDI) also went up by 3.48% or 39 points …
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European Close 10/12/20
Please click below to view the report For more information please contact FIS info@freightinvestor.com London +44 (0) 207 090 1120 Singapore +65 6535 5189 Dubai + 971 4 449 3900 Shanghai: +86 21 6335 4002 US (CT): +1 203 325 8004 US (KS): +1 813 490 6630
Fuel Oil Daily Evening Report 10/12/20
Please click below to view the report For more information please contact FIS info@freightinvestor.com London +44 (0) 207 090 1120 Singapore +65 6535 5189 Dubai + 971 4 449 3900 Shanghai: +86 21 6335 4002 US (CT): +1 203 325 8004 US (KS): +1 813 490 6630
Oil and Ore Intraday Morning Technical
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Morning Oil Report 10/12/20
U.S. West Texas Intermediate (WTI) crude futures rose 25 cents, or 0.6%, to $45.77 a barrel at 0500 GMT, while Brent crude futures climbed 22 cents, or 0.5%, to $49.08 a barrel but eased a touch as liquidity came into the market up to 0730GMT, from then on, brent pushed to highs of $49.33 at …
Capesize rates head south on scant shipping demand
Capesize freight rates headed south due to weakening physical market in both basins. The Capesize 5 time charter average then went down by $312 day-on-day to $10,295 on Wednesday. The Baltic Dry Index (BDI) however, went up slightly by 0.09% or 1 points to 1,122 readings, due to robustness in the Panamaxes’ physical and futures …
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