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Tag archives: FO
Capesize rates hit a roofer on market optimism
Capesize freight rates hit a roofer due to market bullish sentiment and the thinner ballaster list that supported higher rates. The Capesize 5 time charter average jumped by $1,363 day-on-day to $18,592 on Wednesday, due to the upward momentum seen in both basins. Thus, the Baltic Dry Index (BDI) surged up by 4.55% or 62 …
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Morning Oil Report
U.S. West Texas Intermediate (WTI) crude futures fell 60 cents, or 1.5%, to $39.33 a barrel at 0445 GMT, while Brent crude futures dropped 47 cents, or 1.1%, to $41.30 a barrel. The market sentiment is well and truly mixed on the news of rising investor risk appetite and reports from the US that …
London Iron Ore Market Report
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Capesize rates jump on better physical market
Capesize freight rates bounced from the recent slump and pushed up significantly on good shipping demand. As such, the Capesize 5 time charter average jumped by $1,140 day-on-day to $17,229 on Tuesday, with the September and October contracts making big gains. The Baltic Dry Index (BDI) chased the rally and saw gain of 3.81% or …
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Morning Oil Report
Brent crude was down 30 cents, or 0.7%, at $41.42 per barrel. U.S. West Texas Intermediate (WTI) crude for October, dropped 34 cents, or 0.9%, to $39.46. As the UK Lockdown measures become stricter for the foreseeable future, America are relieved at the fact that Storm Beta has weakened along the Gulf Coast. On …
Fuel Oil Daily Evening Report
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Oil and Ore Intraday Morning Technical
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Capesize rates book gains on better Pacific market
Capesize freight rates rebound on better shipping demand in the Pacific which improved overall market sentiment. Thus, the Capesize 5 time charter average rose by $328 day-on-day to $16,289 on Monday, with improved bids that boosted the paper market. The Baltic Dry Index (BDI) reflected the market optimism and posted gain of 1.39% or 18 …
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Oil Through the Looking Glass 22.09.2020
** Oil steady as U.S. storm eases but demand recovery fears persist** Little changes in oil prices on Tuesday after heavy overnight loses but demand woes still linger in the market with the US tropical storm easing over the week. Crude prices fell 4% on Monday with experts alluding to how the oil market is …