The 5% drop! Banking concerns hit fuel oil and the paper market for both Cape size and Panamaxes looking 'lacklustre'.

Are you a trader seeking to stay ahead of fuel oil market fluctuations? Listen to this episode and discover how Ricky Forman and Kerry Deal can provide you with valuable insight into the dynamic and ever-changing fuel oil market, giving you a heightened understanding of market sentiment and volatility."I'm naturally quite a risk adverse person. So when it comes to the market, I'm always a person that just believes in hedging and then moving on." - Ricky FormanOur guest speakers this week are Ricky Forman and Kerry Deal.Ricky Forman, a seasoned professional with FIS, shares his insights on the negative sentiment in the fuel oil market due to concerns surrounding banking sectors. He explains how news of First Republic Bank's bailout by JP Morgan and worse-than-expected manufacturing data from China have set the tone for a challenging week! Despite his affinity for the more carefree tunes of the 80s, Ricky talks us through his grappling with the weight of these issues that are causing shockwaves in the market. As he continues to observe the situation, he shares how he's noticed where the smart money had begun reversing... In this episode, you will be able to: Uncover the impact of banking sector concerns on the fuel oil market's negativity. Learn how to use hedging strategies to combat fuel oil market volatility. Get the lowdown on the health of the North Atlantic freight market. Find out why stagnation is affecting the Panamax market.