World News
WTI Starts the Week Up 4%, Brent Up 2%
by Tim Bonett, 
Monday September 21, 2015
Crude benchmarks got off to a hot start for the week.
WTI settled up 4% while Brent tried to keep pace finishing up 2%.
However, this rally most likely wont be carrying momentum as crude traders were focused on profits with October's front-month contract about to expire.
The market is anticipating another draw on stockpiles come mid week but that alone will not be enough to assuage oversupply concerns. Bunker prices were firming 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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