FIS API Blog
Capesize freight rates rallied further due to better shipping demand in the physical market. The Capesize 5 time charter average then rose $205 day-on-day to $15,942 on Tuesday, following the improvement in market sentiment. The Baltic Dry Index (BDI) thus rose slightly by 0.55% or 7 points day-on-day to 1,282 readings on the active shipping …
Continue reading “Capesize rates rally on good physical demand”
Brent crude rose 60 cents or 1.5% to $41.13 whilst WTI was up 68 cents or 1.8% to $38.96. Both contracts rose over 2% on Tuesday. The market sentiment around crude remains bearish given announcements from BP regarding oil demand and how that may have peaked in 2019, on top of the news that …
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 …
*Hedge Funds Dump Oil as Outlook Worsens* Hedge funds sold crude oil at the fastest rate in two years as the slightly bullish attitude towards the end of August disappeared completely into a bearish sentiment, triggering a sell off of nearly 171 million barrels of the most important petroleum futures according to Reuters. *OPEC …
Capesize freight rates continued its upward movement due to better physical market with healthy demand in the Pacific market. The Capesize 5 time charter average then rose $489 day-on-day to $15,737 on Monday, due to the pickup in the physical market. The Baltic Dry Index (BDI) also gained from the active physical market and hiked …
Continue reading “Capesize rates gain on better raw materials’ demand”
Good morning all. Brent futures were down 5 cents or 0.1% this morning, to $39.56 per barrel whereas the US benchmark, WTI was printing 3 cents lower or 0.1% to $37.23. Both these benchmarks are set to remain around the $35 to $40 per barrel until heating oil demand picks up in the US, as …
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 …
*UAE’s Breach of OPEC Output Pact Shakes Oil Traders’ Faith* Just as OPEC+ seemed to have output quotas under control, the UAE has admitted to oversupplying in both July and August amidst uncertain pricing level for the crude benchmarks. This has traders wary of what the rest of the year will bring according to Bloomberg …
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 …
Continue reading “Oil and Ore Intraday Morning Technical 14/9/20”
Capesize freight rates rebounded from losses as trade sources believed that the market had bottomed out. Thus, the Capesize 5 time charter average spotted a small rise of $173 day-on-day to $15,248 on Friday, on better market optimism. The Baltic Dry Index (BDI) then stayed flattish and went down slightly by 0.16% or 2 points …
Continue reading “Capesize rates bottom out on market optimism”
