World News
Crude Soft on Roaring Dollar
Tuesday October 4, 2016
Today's session featured choppy trading but the roaring dollar was too much to overcome and forced oil to settle lower on the day.
The dollar's support came from expectations of a US rate hike before the year closes out.
Additional pressure came from traders selling on skepticism of the OPEC deal.
Bunker markets were mostly flat in the primary ports.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 522.50 | 7.00 | 612.50 | 7.50 |
| Rotterdam | 478.00 | 2.50 | 620.00 | 4.00 |
| Houston | 468.50 | 2.00 | 620.50 | 6.50 |
| Fujairah | 508.50 | 6.50 | 711.00 | 5.00 |
| Global 20 Ports Average | 536.50 | 3.50 | 712.50 | 1.50 |
| Global 4 Ports Average | 494.50 | 4.50 | 641.00 | 6.00 |
| Global Average Bunker Price | 571.00 | 2.00 | 758.50 | 2.50 |
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