World News
Crude Starts the Week Lower
by Tim Bonett, 
Monday July 25, 2016
Crude benchmarks slipped lower today as the market caught wind of the potential for a build in crude stockpiles this week.
A strong dollar added to the pressure prices were met with today and some analysts are calling for WTI to head below $40/bbl as supplies build and demand wavers.
Bunker prices were softer in the primary ports.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 460.00 | 2.50 | 729.00 | 1.00 |
| Rotterdam | 436.50 | 9.00 | 705.50 | 16.50 |
| Houston | 442.00 | 0.00 | 672.50 | 1.00 |
| Fujairah | 454.00 | 0.50 | 741.50 | 6.00 |
| Global 20 Ports Average | 491.00 | 2.00 | 777.00 | 3.50 |
| Global 4 Ports Average | 448.00 | 3.00 | 712.00 | 2.50 |
| Global Average Bunker Price | 537.50 | 0.50 | 812.50 | 4.00 |
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