10 Oct 2024
Refinery inputs averaged just 15.6 million barrels per day, down by 101,000 barrels from the prior week, as utilization rates slid to 86.7% of total capacity, compared to 87.1% previously.
The 2501 for January 2025 delivery contract on Dalian Commodity Exchange on 10 October 2024 settled as follows:
09 Oct 2024
Freight rates have eased significantly due to the end of peak shipping season and the conclusion of the International Longshoremen’s Association’s (ILA’s) three-day labour strike on the East and Gulf coasts of the US.
The 2501 for January 2025 delivery contract on Dalian Commodity Exchange on 09 October 2024 settled as follows:
Adding to the bearish pressure, China’s top economic planner concluded a much-anticipated briefing on Tuesday without introducing new stimulus measures, triggering a risk-off response across global markets.
08 Oct 2024
The 2501 for January 2025 delivery contract on Dalian Commodity Exchange on 08 October 2024 settled as follows:
Despite the bullish trend, market sentiment remains fragile. Analysts warn that oil prices could sharply reverse by $5-7/barrel if Israel avoids directly targeting Iranian oil infrastructure, which would ease supply concerns.
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