World News
Crude Firms After Yesterday's Selloff
by George Belekos, 
Thursday September 24, 2015
In the wake of yesterday's selloff, crude investors made a valiant effort to pick up the pieces.
However, broader equities slumped throughout most of the day on concerns of slowing growth in the global economy.
Despite cheaper energy prices durable goods are sliding, business investments are down and unemployment benefits are up.
The barrage of bad news kept crude from bouncing back in a big way.
Bunker prices were stable 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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