World News
Oil Prices Cool
by George Belekos, 
Tuesday September 26, 2017
Oil prices cooled off a bit today but don't expect that to continue for long.
Demand is allegedly surging and oil traders are hoping for prices well above the $60/bbl mark.
Today Brent settled $0.58/bbl lower at $58.44 while WTI lost only $0.44 per bbl.
Bunker prices were a bit softer today in the primary ports and bunker buyers should take advantage of current situation.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 624.50 | 1.00 | 732.00 | 8.50 |
| Rotterdam | 571.00 | 3.00 | 758.00 | 16.50 |
| Houston | 591.50 | 4.00 | 760.00 | 5.50 |
| Fujairah | 629.00 | 0.50 | 877.50 | 3.00 |
| Global 20 Ports Average | 637.00 | 0.00 | 819.00 | 3.00 |
| Global 4 Ports Average | 604.00 | 0.00 | 782.00 | 5.50 |
| Global Average Bunker Price | 688.00 | 2.50 | 879.00 | 1.00 |
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