A second consecutive day of choppy trading left benchmarks mixed.
Oil was rallying in the early morning hours on word that OPEC may be extending the deal on production cuts.
The current agreement runs through June but it is still not clear how much impact the reductions are having on global supplies.
There is increasing concerns that the cuts will not be enough and that sentiment weighed on prices as the day wore on.
Bunker prices were stable in the primary ports.
WTI March $53.36/BBL UP $0.25/BBL
Brent April $55.65/BBL DOWN -$0.08/BBL
Tim Bonett, Broker & Trader, KPI Bridge Oil