World News
Oil Prices Creep Up Higher
Tuesday October 18, 2016
Oil prices crept up higher today after receding over the last two sessions.
WTI finished above the psychological $50/bbl line but all eyes will be on tomorrow inventory report.
Expectation are for a another draw but judging by today's movement the market is taking a wait and see approach.
Bunker prices were stable to firm in the primary ports.
WTI November $50.29/BBL UP $0.35/BBL
Brent December $51.68/BBL UP $0.16/BBL
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 645.00 | 2.00 | 767.50 | 11.50 |
| Rotterdam | 600.00 | 8.00 | 751.50 | 13.00 |
| Houston | 627.50 | 9.00 | 796.00 | 11.50 |
| Fujairah | 649.50 | 0.00 | 889.00 | 0.50 |
| Global 20 Ports Average | 665.00 | 0.50 | 864.00 | 6.50 |
| Global 4 Ports Average | 630.50 | 5.00 | 801.00 | 9.00 |
| Global Average Bunker Price | 722.50 | 2.50 | 922.50 | 3.00 |
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