Middle East turmoil and the price of crude: analysing the connection
Welcome back to Freight Up!
In this week's episode, we dive into the impact of the Israel-Hamas war on the crude market.
Archie Smith sheds light on the current state of fuel prices and how they have been affected by recent events.
We also discuss the long awaited FFA update and get a glimpse into the paper market.
Bloomberg Report on Physical Prices:
Welcome back to Freight Up! Our weekly podcast from Freight Investor Services - or as we're more affectionately known - FIS is here to bring you another massive update.
The recent Bloomberg report that highlights a slip in physical crude prices.
We talk about the phenomenon and what it's attributed to.
And just what is happening with crude inventories in the US?
Here's the link to the FIS live app
Timestamped summary of this episode:
00:01:02 Greenback strengthens, crude slips due to dollar.
00:05:24 High sulfur cracks fall, spreads widen. Strong buying interest from shipping hedges.
00:09:24 Little movement, highs to lows throughout week. Panamax December contract falls.
00:11:06 Cal 24 stable, Supermax World falls, Q4 tighter
Freight Up! Fuel oil, iron ore, steel and other commodity insights from Freight Investor Services