World News
Crude Prices Fall Back
by Tim Bonett, 
Tuesday October 11, 2016
A day that did not produce a fresh sense of optimism for an OPEC deal forced prices to settle lower.
The market seemed poised for a correction after jumping almost 3% yesterday on pure sentiment.
However, some have voiced concerns that if prices continue to climb so will go production.
The dollar also reached a level not seen in nearly 3 months putting further pressure on prices.
Bunker prices were soft in the primary ports.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 460.00 | 2.50 | 729.00 | 1.00 |
| Rotterdam | 436.50 | 9.00 | 705.50 | 16.50 |
| Houston | 442.00 | 0.00 | 672.50 | 1.00 |
| Fujairah | 454.00 | 0.50 | 741.50 | 6.00 |
| Global 20 Ports Average | 491.00 | 2.00 | 777.00 | 3.50 |
| Global 4 Ports Average | 448.00 | 3.00 | 712.00 | 2.50 |
| Global Average Bunker Price | 537.50 | 0.50 | 812.50 | 4.00 |
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