World News
Crude Prices Lose Yesterday's Momentum
by Tim Bonett, 
Wednesday February 18, 2015
Crude prices could not maintain yesterday's momentum as inventories are expected to reach a new record high.
The recent rally looks to be short-lived as crude remains prevalent and demand lacking.
Meanwhile, there is geopolitical risk inflating Brent to WTI as their seems to be some rising turmoil in the Middle East and Libya's oil exports continue to struggle.
Tomorrows volatility should reflect how close inventory estimates are to actual figures.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 649.00 | 0.00 | 770.00 | 5.00 |
| Rotterdam | 602.50 | 1.00 | 762.00 | 2.50 |
| Houston | 630.50 | 4.00 | 796.50 | 2.50 |
| Fujairah | 648.50 | 0.50 | 900.00 | 4.50 |
| Global 20 Ports Average | 666.00 | 2.00 | 856.00 | 1.00 |
| Global 4 Ports Average | 632.50 | 0.50 | 807.00 | 1.00 |
| Global Average Bunker Price | 715.50 | 1.00 | 893.00 | 8.00 |
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