World News
Brent Falls Under $34/bbl After a Volatile Day for Crude
by Mohammed Marzuq, 
Thursday January 7, 2016
Crude futures saw heavy volatility in today's trading but ended down, despite investors short coverings and panic buying to keep prices above water.
Chinese economic data has been a dominant factor these past few days, driving down the commodities markets, while also doing much damage to stocks.
Bunker prices were mixed today as suppliers were trying to mark to market with respect to volatile swings in crude levels.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 493.50 | 8.50 | 606.00 | 11.00 |
| Rotterdam | 450.00 | 5.00 | 599.50 | 20.00 |
| Houston | 458.00 | 9.00 | 618.00 | 7.00 |
| Fujairah | 483.00 | 12.00 | 703.00 | 9.50 |
| Global 20 Ports Average | 521.00 | 3.50 | 705.50 | 5.00 |
| Global 4 Ports Average | 471.00 | 8.50 | 631.50 | 12.00 |
| Global Average Bunker Price | 564.00 | 6.50 | 741.50 | 6.00 |
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