World News
Brent Closes Below the Critical $40.00 Threshold
Thursday December 10, 2015
Crude futures continued to soften today as the U.S. dollar firmed making dollar denominated commodities less attractive to holders of other currencies.
Brent contracts for January fell below the critical $40.00 threshold, settling at a new low of $39.73 per barrel.
WTI front month contracts softened $0.40 cents lower since last close, settling at $36.76 per barrel.
Bunkers were mostly soft today 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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