World News
Crude Futures on the Rise
by Mohammed Marzuq, 
Thursday April 30, 2015
Crude futures were on the rise again today as both WTI and Brent kept the momentum we have all witnessed lately.
The U.S dollar fell significantly making crude cheaper to buyers of other currencies.
Another driving force has been the underestimated stock pile at Cushing, Oklahoma.
Although we still believe that levels will come down, until trends change, we advise buyers to protect themselves and buy bunkers sooner rather than later so as not to be exposed to the continual escalation of oil prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 512.00 | 2.00 | 621.00 | 10.00 |
| Rotterdam | 479.00 | 2.00 | 623.50 | 5.00 |
| Houston | 480.50 | 11.00 | 627.50 | 17.50 |
| Fujairah | 502.50 | 1.00 | 711.50 | 3.00 |
| Global 20 Ports Average | 532.50 | 0.50 | 715.50 | 4.00 |
| Global 4 Ports Average | 493.50 | 4.00 | 646.00 | 9.00 |
| Global Average Bunker Price | 570.50 | 0.50 | 761.00 | 2.00 |
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