Freightos: Weekly Ocean Freight Index Update

31 Oct 2024 Looking forward, a potential rate rebound may take shape earlier than usual in preparation for the Lunar New Year holiday, which begins in late January 2025. Shippers are likely to increase orders in advance to accommodate longer transit times and align with anticipated seasonal volume increases.

31 Oct 2024

EIA: US crude and gasoline inventories dropped amid strong demand and reduced imports

Industry sources indicate that this drop reflects stronger-than-expected demand alongside a tighter supply environment. Analysts suggest that if these drawdowns continue, oil prices could see an upward push in the coming weeks.

31 Oct 2024

Dalian Commodity Exchange: 31 October 2024

The 2501 for January 2025 delivery contract on Dalian Commodity Exchange on 31 October 2024 settled as follows:

30 Oct 2024

Oil fell for the second straight session on potential MEA de-escalation

Global crude oil prices continued their decline for a second consecutive session on Tuesday, October 29, 2024, as indications of a potential de-escalation in Israel’s offensive in Lebanon tempered the market

30 Oct 2024

Dalian Commodity Exchange: 30 October 2024

The 2501 for January 2025 delivery contract on Dalian Commodity Exchange on 30 October 2024 settled as follows:

29 Oct 2024

Oil prices plunged 6% as Middle East concerns eased, US data disappointed

On October 26, Israel launched a retaliatory strike on an Iranian military base, alleviating concerns over potential attacks on oil infrastructure that could have disrupted global oil supplies.