World News
Week Starts With Crude Benchmarks Down
by Tim Bonett, 
Monday December 23, 2013
Crude benchmarks slipped to start the week on both sides of the Atlantic.
Investors sensed that WTI was ready for a correction today after the positive economic figures reported last week caused oil to be overbought.
Tension is South Sudan kept Brent from falling as much as WTI.
Rebel forces supporting ousted Vice President Riek Machar captured a crude-producing state as the government evacuated oil workers and plans a partial shutdown of facilities there.
Brent slipped $0.21 to settle at $111.56 while WTI fell $0.41 to settle at $98.91. Bunker prices remained stable in the primary ports.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 504.50 | 2.50 | 620.00 | 3.00 |
| Rotterdam | 456.00 | 1.50 | 621.50 | 2.00 |
| Houston | 476.00 | 7.00 | 624.00 | 1.00 |
| Fujairah | 496.50 | 2.00 | 713.00 | 2.50 |
| Global 20 Ports Average | 526.50 | 0.50 | 712.00 | 0.50 |
| Global 4 Ports Average | 483.00 | 2.00 | 644.50 | 0.50 |
| Global Average Bunker Price | 570.50 | 1.50 | 751.00 | 1.00 |
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