World News
WTI, Brent Start the Week With $1+ Losses
by Mohammed Marzuq, 
Monday December 28, 2015
Crude futures refrained any upside movement today following last weeks pre Christmas spike of nearly $2.00 per barrel on both benchmarks.
The selloff was triggered by early Asian data indicating Japanese crude purchasing had fallen to 46 year lows causing Brent February contracts to soften over 3%.
WTI front month contracts also endured the same fate as ICE contracts, but the latter was able to maintain the premium reversal we witnessed for the first time last week.
Bunkers were 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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