Good morning all. Brent futures dropped 17 cents or 0.42% overnight to $40.62 after regaining 2.5% throughout Wednesday. WTI had similar losses of 24 cents or 0.63% at 0417GMT. The oil market is under pressure from rising supply and suppressed demand with the EIA inventory data due on Thursday, a day later than usual …
Tag archives: FO
Fuel Oil Daily Evening Report
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FIS CASTAWAY – EPISODE 24
Confused by market jargon? Getting your stochastic mixed up with your doji stars? Then don’t fear! This week’s special podcast episode explains all about market technicals and how to use them with FIS technical research analyst Ed Hutton. Available now on: Website https://freightinvestorservices.com/blog/fis-castaway-eps-24-unprecedented-coverage-in-unprecedented-times/ Spotify https://open.spotify.com/episode/3tXBm8aTEgEf9vK7kKIsKj?si=v-WRJWu3RIeXFy6o7NDEvg And Itunes https://podcasts.apple.com/gb/podcast/fis-castaway/id1507094242#episodeGuid=aacbc42e-90c9-a808-518e-a244416f7bcf Disclaimer: This podcast is a marketing communication and …
FIS Technical – Brent Oct 20 Daily 9/9/20
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Oil Through the Looking Glass 9/9/20
*Oil Slides 5% to Lowest Levels Since June* Oil futures settled 5% lower yesterday with Brent dropping to $39.53 which was the lowest level since June, and WTI at 8% lower after Saudi Arabia announced price cuts to its October selling prices. The Aramco price cuts made WTI unattractive to Asian buyers said analyst Phil …
Capesize rates drag down by thin physical market
Capesize freight rates continued to slump on thin physical market that dragged down the paper market further. The Capesize 5 time charter average dropped by $210 day-on-day to $15,892 on Tuesday, due to lack of fixtures being reported. The Baltic Dry Index (BDI) then slumped further by 1.56% or 21 points day-on-day to 1,328 readings …
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Oil and Ore Intraday Morning Technical 9/9/20
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Morning Oil Report 9/9/20
Good morning. Brent was down 25 cents or 0.6%, at $39.53 at 0455GMT after a drop of over 5% through Tuesday, with WTI down 0.8%, or 28 cents to $36.48 per barrel after a fall of 8% through Tuesday. We are seeing a good correction on crude at the minute, long overdue many might add …
Fuel Oil Daily Evening Report
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 …
Capesize rates dip on short trading week
Capesize freight rates dropped slightly on thin physical activities, amid a short trading week due to Brazilian public holiday. The Capesize 5 time charter average then dipped by $150 day-on-day to $16,102 on Monday, reflecting a lacklustre cape paper start to the week. The Baltic Dry Index (BDI) then dropped slightly by 0.95% or 13 …