World News
Crude Soft on European Uncertainty, OPEC Deal Doubts
by George Belekos, 
Monday November 20, 2017
Traders are growing weary ahead of the OPEC meeting next week where the decision whether to extend the current production restrictions should take place.
The expectation remains that the extension should cover all of 2018.
The dollar also moved higher over uncertainty in the European Union putting further pressure on prices.
Bunker prices were a bit softer in the primary ports.
WTI DEC $56.09/BBL DOWN -$0.46/BBL
Brent JAN $62.22/BBL DOWN -$0.50/BBL
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 655.50 | 2.00 | 808.50 | 4.50 |
| Rotterdam | 619.00 | 0.00 | 789.00 | 8.00 |
| Houston | 628.50 | 7.50 | 812.50 | 1.50 |
| Fujairah | 653.50 | 4.50 | 900.00 | 2.50 |
| Global 20 Ports Average | 672.00 | 0.50 | 885.00 | 7.00 |
| Global 4 Ports Average | 639.00 | 2.50 | 827.50 | 2.00 |
| Global Average Bunker Price | 727.50 | 1.50 | 933.50 | 5.00 |
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