World News
Crude Soft After Spending Much of the Morning in Flux
by Tim Bonett, 
Monday April 25, 2016
Crude prices spent much of the morning in flux as the market searched for the proper direction.
An oil inventory report from Genscape provided all that was needed and sent benchmarks down a negative course.
The report predicted a build at Cushing for this week which if true may remove much of the bearish sentiment built up over the short term.
Mixed reports speculating on the impact of Libya and Iran crude exports do little to support the bulls.
Falling in line with the market were somewhat softer bunker prices in the primary ports.
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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