World News
Crude Continues to Rise
by Tim Bonett, 
Wednesday June 8, 2016
Despite an unanticipated rise in gasoline and distillates, crude continued to ascend today as the market seems to be rebalancing a bit quicker than expected.
Prompting todays climb was a larger decrease in crude supplies and better economic data out of China while the supply situation in Nigeria remains delicate.
The bulls are out in force as the look towards a long rebalancing act in 2016.
Bunker prices remain firm 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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