World News
Crude Futures Continue Down, But Big Selloff Avoided
by Tim Bonett, 
Thursday October 15, 2015
Despite negative inventory figures crude benchmarks were reluctant to fall much further on a down week.
The crude build far outgained expectations while U.S. production fell, usually a recipe for a big selloff.
However, a floor was maintained as traders already felt defeated after 3 successive negative sessions prior to today.
The market reasoned significant builds were associated to the typical slowdown in production this time of year.
Keep an eye on tomorrow’s rig count for the potential market direction.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 510.00 | 2.50 | 611.00 | 4.00 |
| Rotterdam | 477.00 | 1.00 | 618.50 | 4.00 |
| Houston | 469.50 | 0.50 | 610.00 | 2.00 |
| Fujairah | 501.50 | 1.50 | 708.50 | 3.50 |
| Global 20 Ports Average | 532.00 | 2.00 | 711.50 | 0.00 |
| Global 4 Ports Average | 489.50 | 0.50 | 637.00 | 0.50 |
| Global Average Bunker Price | 571.00 | 1.00 | 759.00 | 0.50 |
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