World News
Crude Claws Back Yesterday's Price Shedding
by George Belekos, 
Tuesday May 10, 2016
The crude market is on a yo-yo diet as yesterday's price shedding was gained back today.
The disruption in Canada coupled with a series of attacks on Nigeria's oil infrastructure suddenly had the market on edge despite the anticipation of a bearish inventory report.
Tomorrow's EIA report is expected to show a build of between 500k and 1.5 million barrels.
Bunker prices were firm 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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