As of 21 October 2021, 07:40 (Moscow Time), Brent Crude futures for December delivery were trading 0.17% lower at $85.67 a barrel on the London-based ICE Futures Europe Exchange.
Light Sweet Crude (WTI) November futures on the New York Mercantile Exchange declined by 0.01% to $83.43 a barrel.
Crude oil market sees downward price correction after a growth.
The Baltic Dry Index rose by 0.78%
While On 20 October 2021, the Baltic Dry Index rose to 4,751 points, up 37 points (+0.78%) versus the level of October 19.
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.