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BUNKER INDEX :: Price Index, News and Directory Information for the Marine Fuel Industry
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Oil and fuel oil hedging market update

08 Aug 2017 07:54 GMT

By the Oil Desk at Freight Investor Services.



By the Oil Desk at Freight Investor Services Ltd.

Brent closed down $0.05 last night to $52.37 and WTI closed at $49.39 down $0.19. Oil remains firmly stuck in a stubborn range. I think it's clear that nothing will come out of the meeting from Abu Dhabi taking place this week - there may be a small spike, but 20 minutes later the meeting rooms will be cleaned up and people get back to the reality that not much is going to push us past $55 and not much is going to allow us to fall much lower than $47.50. The only thing that can possibly start stoking some real interest is if there is any sort of a deepening of the cuts, but alas that's not going to happen as we know who is willing and able to jump straight in those shoes as quickly as Peppa Pig will jump in to a muddy puddle. So, inevitably, people will be watching for US stats from API later and then EIA figures tomorrow. I kind of want the EIA to not send a report for a week; I wonder what the oil market would do then? Would it wake up bleary-eyed realizing there is actually more to the oil market than weekly US data? Or would it miss it in the same way as when you've lost your mobile phone and won't get a replacement for a whole day?

Economic Data/Events: (UK times)

* 11am: NIFB Small Business Optimism, July

* 3pm: U.S. JOLTS Job Openings, June

* 5pm: EIA releases Short-Term Energy Outlook

* 9:30pm: API issues weekly U.S. oil inventory report

Singapore 380 cSt

Sep17 - 308.25 / 310.25

Oct17 - 307.50 / 309.50

Nov17 - 306.75 / 308.75

Dec17 - 306.00 / 308.00

Jan18 - 305.25 / 307.25

Feb18 - 304.75 / 306.75br>
Q4-17 - 306.75 / 308.75

Q1-18 - 305.00 / 307.00

Q2-18 - 304.75 / 307.25

Q3-18 - 304.50 / 307.00

CAL18 - 303.50 / 307.00

CAL19 - 296.75 / 301.75

CAL20 - 273.00 / 280.00

Singapore 180 cSt

Sep17 - 313.25 / 315.25

Oct17 - 313.00 / 315.00

Nov17 - 312.50 / 314.50

Dec17 - 312.25 / 314.25

Jan18 - 312.00 / 314.00

Feb18 - 311.75 / 313.75

Q4-17 - 312.75 / 314.75

Q1-18 - 312.00 / 314.00

Q2-18 - 312.00 / 314.50

Q3-18 - 312.00 / 314.50

CAL18 - 310.75 / 314.25

CAL19 - 308.00 / 313.00

CAL20 - 282.00 / 289.00

Rotterdam 380 cSt

Sep17 295.25 / 297.25

Oct17 292.00 / 294.00

Nov17 289.50 / 291.50

Dec17 287.25 / 289.25

Jan18 288.25 / 290.25

Feb18 288.50 / 290.50

Q4-17 289.75 / 291.75

Q1-18 289.25 / 291.25

Q2-18 290.00 / 292.50

Q3-18 290.00 / 292.50

CAL18 289.25 / 292.75

CAL19 278.50 / 283.50

CAL20 252.50 / 259.50



Founded in 2002, Freight Investor Services is a specialist in dry bulk and commodity derivatives, including cargo freight, iron ore, fertilizer and bunker fuel. The company has offices in London, Dubai, Singapore and Shanghai.

For further details about fuel oil swaps or to discuss trading opportunities, please contact Andrew Cullen, Client Relations & Development Manager, on +44 207 090 1126, or email AndrewC@freightinvestor.com.


Image: Freight Investor Services (FIS) logo. Image credit: Freight Investor Services (FIS)




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