The Brent crude futures for September fell 24 cents, or 0.6%, to $41.61 a barrel by 0610 GMT, paring Monday’s 92 cent gain. The August contract, which expires on Tuesday, fell 24 cents to $41.47. U.S. crude was down 33 cents, or 0.8% at $39.37 a barrel. A Reuters poll showed analysts expect U.S. crude …
Tag archives: FO
Brent August 20 Morning Technical Comment – 240 Min
Fuel Oil Daily Evening Report
Capesize gains despite China’s holidays
Capesize rates saw little gains as Chinese trade participants were away on holidays, leaving the market with thin activities. Despite the muted activities, the Capesize 5 time charter average still managed to rise by $246 day-on-day to $29,641 on Friday. The Baltic Dry Index (BDI) kept its upward momentum to 1,749 points on Jun 26, …
FIS Fuel Oil Morning Report 29/06/2020
Good morning. Oil is lower today with the virus weighing on demand again. Cases rose in the United States and other places, leading some countries to resume partial lockdowns that could hurt fuel demand. Brent dropped 81 cents, or 2%, to $40.21 a barrel by 0653 GMT, while U.S. was at $37.74, down 75 cents, or …
Brent August 20 Morning Technical Comment – 240 Min
Fuel Oil Daily Evening Report
Oil Through the Looking Glass 26/6/20
Russia goes full circle The global oil plunge started with increased output as Saudi Arabia and Russia locked horns over production cuts. Four months down the line and multiple cuts Russia have gone full circle with exports of its Urals crude oil grade set to drop significantly next month. Asian Buying interest failing countered …
Brent August 20 Morning Technical Comment – 240 Min
Capesize rates slow down amid Chinese holidays
Capesize rates moved slower but gradually toward the $30,000 mark, due to the absence of Chinese trade participants during the Dragon Boat Festival holidays. Therefore, the Capesize 5 time charter average rose by $738 day-on-day to $29,395 on Thursday, despite some market concerns about the longevity of the C3 contracts. Strengthened by Capesize market, the …
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