World News
WTI Prices Increase for the Third time in Four Days
by George Belekos, 
Monday July 21, 2014
WTI crude prices increased for the third time in four days. Inventories which have been bubbling over for years in Cushing, OK are at six year lows, driving WTI to close the discount against Brent.
Couple that with various geo-political problems worldwide and prices move up.
Currently, oil and product prices are much more likely to increase significantly than decrease.
As such we encourage bunker purchasers to not hold on to any requirements and clear their desk as requests come up.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 647.00 | 6.00 | 762.00 | 5.50 |
| Rotterdam | 599.00 | 1.00 | 751.00 | 0.50 |
| Houston | 618.00 | 11.50 | 802.50 | 6.50 |
| Fujairah | 642.00 | 5.50 | 883.50 | 5.50 |
| Global 20 Ports Average | 661.50 | 3.50 | 859.00 | 5.00 |
| Global 4 Ports Average | 629.50 | 1.00 | 799.50 | 1.50 |
| Global Average Bunker Price | 719.00 | 3.50 | 915.00 | 7.50 |
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