Crude Falls as Dollar Hits Three-Month Peak against the Euro

Bunker prices were softer in the primary ports.

Ship & Bunker News Team Thursday 20 October 2016, 23:01

Crude Falls as Dollar Hits Three-Month Peak against the Euro

Traders took profits and ran today as the shine of yesterday's EIA report wore off and the market was reassessed.

Adding to the pressure was the dollar hitting a three-month peak against the Euro and a seven-month high against a broader amount of currencies making oil an unattractive investment.

Bunker prices were softer in the primary ports.

WTI November $50.43/BBL DOWN -$1.17/BBL
Brent December $51.38/BBL DOWN -$1.29/BBL

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	VLSFO	MGO
Singapore	$901.50 -40.00	$1,264.50 -5.50
Rotterdam	$747.00 -8.50	$1,383.50 -5.00
Houston	$764.00 -16.00	$1,309.00 -22.50
Fujairah	$907.50 -49.00	$1,661.00 -18.00
Global 20 Ports	$893.50 -24.50	$1,490.50 -14.00
Global 4 Ports	$830.00 -28.50	$1,404.50 -13.00
Global Average	$943.00 -30.00	$1,557.00 -11.00