Good morning all. Brent crude futures fell 10 cents, or 0.2%, to $42.98 a barrel by 0417 GMT. U.S. WTI crude futures dropped 12 cents, or 0.3%, to $40.50 a barrel, holding to the narrow range of the past few weeks. The American Petroleum Institute (API) reported crude stockpiles rising by 2.05 million barrels last …
Tag archives: FO
Fuel Oil Daily Evening Report
Monthly Fuel Oil Report
Capesize rallies further on tighter tonnage
Capesize rates rallied further without any signs of slowdown as the rates chased for new height for the year. Thus, the Capesize 5 time charter average surged by $1,078 day-on-day to $33,760 on Monday, with the curve trending up to highs for July, August, Sept and Q3 contracts. Following the Capesize rally, the Baltic Dry …
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Oil and Ore Intraday Morning Technical
Oil Through the Looking Glass 7/7/20
*Rising US Virus Cases Dampening Sentiment* The US has reported significantly elevated numbers of new virus cases. Some 16 states are reporting record increases in new virus cases at the start of July. In California, hospitalisations have risen 50% over the past two weeks, with infections recorded infections rising more than This is limiting what would …
Morning Oil Note 7/7/20
Good morning all. Brent crude futures declined by 19 cents, or 0.4%, to $42.91, after hitting an intraday high of $43.19. U.S. WTI crude futures fell 17 cents, or 0.4%, to $40.46 a barrel at 0340 GMT, after earlier rising to as high as $40.79. In the US, some 16 states are reporting record increases …
Fuel Oil Daily Evening Report
Oil and Ore Intraday Morning Technical
Capesize’s bull run continues, driven by tight tonnage and weather delays
Capesize market continued its bullish run with rates hovering above the $30,000 level in view of the tight tonnage supply in both basins. Thus, the Capesize 5 time charter average rose by $1,305 day-on-day to $32,682 on Friday, while the Baltic Dry Index (BDI) reached new high at 1,894 points, up 3.89% day-on-day. Crewing issue …
Continue reading “Capesize’s bull run continues, driven by tight tonnage and weather delays”