World News
Crude Sees Another Volatile Day
by Mohammed Marzuq, 
Wednesday February 24, 2016
Crude front month contracts for April delivery endured another day of volatile trading.
Stronger demand in U.S. gasoline caused crude prices to edge higher, irrespective of last weeks 3.5 million barrel crude build in U.S. inventory.
NYMEX contracts saw lows of -4% but reversed and settled up $0.28 cents per barrel.
Brent contracts firmed $1.17 per barrel.
Bunkers were mixed today 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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