Bunker markets saw prices continue to climb on Monday, with key price indicator ports Singapore, Rotterdam, Fujairah and Houston all seeing IFO380 climb for a third consecutive market day.
Singapore IFO380 moved up $4.50 to bring the price to $632.00, while MGO climbed for a third consecutive market day gaining $4.00 to $909.50 per metric tonne (pmt).
Hong Kong saw IFO380 move down $0.50 to $646.00 pmt ending two consecutive market days of rising prices, and MGO moved up $1.50 to $920.00 pmt.
Rotterdam IFO380 rose $1.50 to $611.00 pmt, while MGO gained for a third consecutive market day climbing $2.00 to $905.00.
Fujairah 380 cSt product climbed $4.00 to $640.00 pmt, and MGO gained $1.50 to put the price at $1005.50 pmt.
Houston IFO380 moved up $1.50 to $619.00, while MGO climbed for the third consecutive market day gaining $1.00 to $954.00 pmt.
LA / Long Beach IFO380 was steady at $611.00 pmt on Monday.
The WTI spot price moved down for the first time in four consecutive market days, dropping $0.35 to close at $89.78 per barrel.
