World News
Crude Market Spends the Day in Flux
by Tim Bonett, 
Thursday April 14, 2016
The crude market spent the day in flux as choppy trading was the result of investors settling in to wait out the result of the Doha meeting.
Little assistance was offered in the weakening dollar making oil a bit more attractive but by days end both benchmarks settled in the red.
Any whispers coming ahead of this weekends meeting will have an impact on tomorrow's market direction.
Bunker prices were stable 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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