World News
Crude Benchmarks Start the Week Soft
by Tim Bonett, 
Monday June 13, 2016
Crude benchmarks were soft in early morning trade as the dollar rallied around a combination of international economic concerns and the potential for US interest rate hikes.
China's growth may be stagnating due to industrial overcapacity and mounting debt while Britain may vote to leave the European Union.
Both benchmarks rallied a bit from session lows as the dollar's strength waned.
It may be a sign of a volatile week to come.
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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