The fast-spreading new coronavirus strain has shut down much of Britain and has prompted several countries to close their borders to British travellers and freight. Brent crude futures were down 54 cents, or 1.1% to $50.37 a barrel at 0531 GMT before falling to $49.60 at 0700GMT, while U.S. West Texas Intermediate (WTI) crude futures …
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European Close
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Fuel Oil Daily Evening Report
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FIS Technical – Brent Feb 21 Weekly
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Capesize rates rise despite volatile market
Capesize freight rates gained further on improving physical demand toward the year end, despite some market volatility. The Capesize 5 time charter average rose by $800 day-on-day to $14,943 on Friday, with good volume being changed hands especially for the Cal 21 and Cal 22 contracts. The Baltic Dry Index (BDI) then went up higher …
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Morning Oil Report
Brent crude slid $1.54, or 3.0%, to $50.72 a barrel by 0510 GMT after rising 1.5% and touching its highest since March last Friday. U.S. West Texas Intermediate (WTI) crude was down $1.42, or 2.9%, to $47.68 a barrel after also climbing 1.5% on Friday to its highest level since February. The cause of …
European Close
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Fuel Oil Daily Evening Report
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Oil and Ore Intraday Morning Technical
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Morning Oil Report 18/12/20
U.S. West Texas Intermediate (WTI) crude futures slipped 17 cents or 0.4%, to $48.19 a barrel at 0513 GMT, while Brent crude futures fell 26 cents, or 0.5%, to $51.24 a barrel. The price of oil trades to a fresh monthly high ($48.80) as fresh data prints coming out of the US instill an improved …