World News
Crude Futures End the Day Mixed After Heavy Volatility
by Mohammed Marzuq, 
Wednesday February 10, 2016
Crude futures witnessed heavy volatility early in the day and ended mixed as Brent contracts settled higher while WTI contracts fell.
EIA data showed U.S. crude inventories fell by 754,000 barrels last week due to lower imports, all the while speculators were forecasting a build of 3.6 million barrels.
Furthermore, a soft Euro also weighed on the volatility today.
Bunker prices were swinging in both directions in the primary ports, but overall the markets were still silent due to the closures in the Far East.
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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