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Crude oil prices start rising

Crude prices rose by 0.8%-1.05%
Generic Fractional Distillation in the Crude Oil Refining Process. | Download Scientific Diagram

As of December 21, 07:40 (UTC+3), Brent Crude futures for February settlement were trading 0.8% higher at $72.09 a barrel on the London-based ICE Futures Europe Exchange.

Light Sweet Crude (WTI) futures for January delivery on the New York Mercantile Exchange rose by 1.05% to $69.33 a barrel.

The oil market sees upward price correction after two trading sessions of decrease.

Baltic Dry Index

Riviera - News Content Hub - BOPEX-T: Baltic Exchange adds tanker operating expenses to suite of assessment tools

 

The Baltic Dry Index fell by 0.34%

As the Baltic Dry Index fell to 2,371 points, down 8 points (-0.34%) versus the level of December 17.

BDI is a number issued daily by the London-based Baltic Exchange. Not restricted to Baltic Sea countries, the index provides “an assessment of the price of moving the major raw materials by sea. Taking in 23 shipping routes measured on a time charter basis, the index covers Handysize, Supramax, Panamax, and Capesize dry bulk carriers carrying a range of commodities including coal, iron ore, and grain. Because dry bulk primarily consists of materials that function as raw material inputs to the production of intermediate or finished goods, the index is also seen as an efficient economic indicator of future economic growth and production.

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