*Oil Hits Highest Since March Collapse on Vaccine* Oil prices touched just under the $47 per barrel mark as the hopes of a vaccine and a Biden White House supported prices from mid-November. Three vaccines have emerged with a high rate of efficacy in preventing the worst symptoms of COVID-19, which has had a positive …
Tag archives: FO
Capesize rates receive support from firm market
Capesize freight rates continued to gain upward momentum on improving physical market and market optimism. The Capesize 5 time charter average then inched up by $124 day-on-day to $12,021 on Monday, due to better freight rates in both basins. The Baltic Dry Index (BDI) followed the market positivity and went up by 1.83% or 21 …
Continue reading “Capesize rates receive support from firm market”
Morning Oil Report 24/11/20
Brent crude futures rose 43 cents, or 0.9%, to $46.49 a barrel by 0522 GMT, while U.S. West Texas Intermediate crude rose 45 cents, or 1.1%, to $43.51 a barrel. Yesterday marked a big step in the administration of Biden, where the handover of power began from Trump in advance of the president-elect due …
European Close 23-11-20
Steel margins remains supported at CNY 301; however, the iron ore market has now started to come under pressure with yesterday’s futures closing 1.12 % lower at USD 123.35. Price dropped from a six year high after BHP flagged near-term downside risks to Morgan Stanley at a roundtable last week. BHP cited a rebound in …
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): +1 813 490 6630
Oil and Ore Intraday Morning Technical
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
Morning Oil Report 23/11/20
Brent crude futures rose 21 cents, or 0.5%, to $45.17 a barrel by 0436 GMT and continued to rise in the early morning, reaching $45.73 by 0741GMT while U.S. WTI crude gained 10 cents, or 0.2%, to $42.52 a barrel. Both benchmarks jumped 5% last week, as the oil market looks to gather pace on …
Capesize rates rebound on improving basins
Capesize freight rates rebounded from previous losses due to improvement in cargo lists for both the Pacific and Atlantic basins. The Capesize 5 time charter average inched up slightly by $39 day-on-day to $11,897 on Friday, amid better freight rates in both basins. The Baltic Dry Index (BDI) then increased by 1.23% or 14 points …
Continue reading “Capesize rates rebound on improving basins”
European Close 20/11/20
Iron ore had been looking vulnerable earlier in the week with the daily candles for the last 3 day’s closing higher but lacking any real momentum with the candles producing small bodies. The technical aspect of the market looks like it could exhaust soon; however, rising steel prices, a small easing in the stockpiles and …
Fuel Oil Daily Evening Report 20/11/20
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