Many ports saw marine fuel prices fall again on Thursday, with benchmark price ports Singapore, Rotterdam, Fujairah, and Houston all seeing moderate drops in IFO380.
Singapore IFO380 fell $1.50 to $678.50, up $5.50 on last Thursday's price, and MGO lost $3.50 bringing the price to $995.50 per metric tonne (pmt).
Hong Kong saw IFO380 drop $2.50 to $689.50 pmt making a week-on-week gain of $5.50, while MGO slipped $7.00 to $1010.00 pmt.
Rotterdam IFO380 was down $3.50 to $654.50 pmt, 1.00% maximum sulfur 380 cSt product (LS380) fell $0.50 to $723.00, and MGO lost $7.00 to $978.50 pmt.
Fujairah 380 cSt product fell $2.50 to $689.50 for a week-on-week gain of $4.00 pmt, while MGO gained $3.00 to $1040.00 pmt.
Houston IFO380 was down $3.50 to $652.50 pmt, LS380 lost $2.50 bringing the price to $749.00 and MGO slipped $2.00 to $1042.50 pmt.
LA / Long Beach IFO380 moved down for a fourth consecutive market day losing $7.50 to bring the price to $672.00 for a week-on-week loss of $17.00 pmt.
The WTI spot price closed up for a second consecutive day Thursday gaining $0.17 to $95.53 per barrel.
