BUNKER INDEX :: Price Index, News and Directory Information for the Marine Fuel Industry



« News Home
:: Monthly Archive

News Topics
:: Air Pollution
:: Agreements & M&A's
:: Alternative Fuels
:: BunkerBlog
:: Cargoes & Storage
:: Company News
:: Efficiency, Costs & Charges
:: Environment
:: Events
:: Financial
:: Fuel Quality & Testing
:: Lubes & Additives
:: Oil Spills
:: People
:: Port News
:: Projects
:: Regulation, Legal
:: Services, Products,Technology
:: Statistics & Research
:: Vessels

Regional Archive
:: Americas
:: Asia/Oceania
:: Europe
:: M.East/Africa


BUNKER INDEX :: Price Index, News and Directory Information for the Marine Fuel Industry
Home » News



Jan Brent rose $0.47 to close at $62.57

By A/S Global Risk Management.



Michael Poulson, Oil Risk Manager at A/S Global Risk Management. Image credit: A/S Global Risk Management


Updated on 22 Nov 2017 08:13 GMT

Crude oil prices headed higher yesterday on expectations that the OPEC/NOPEC output cut would be extended for the remainder of 2018. However, rising and further increases in US oil production kept a lid on the rise. Geopolitical tensions in the Middle East and tensions in Venezuela would provide support to prices in the coming days and weeks.

Brent opened the day at the 13-day MA and this was the low point of the day and was not seen again. The resistance levels at the 5 and 8 day MAs were broken during the day and a close above the two levels was recorded. At the time of writing during Asian trade, Brent is at 63.00, the highest since beginning of last week.

Supports for today are at the short term MAs (62.60, 62.52, 62.26) and the middle Bollinger (61.67). The upper bound and the target is now at the upper Bollinger (64.40).

We have US EIA crude oil stats due for release during US trade today.



A/S Global Risk Management is a provider of customised hedging solutions for the management of price risk on fuel expenses. The company has offices in Denmark and Singapore. For further details about its risk management products and services, please call +45 88 38 00 00 or email hedging@global-riskmanagement.com.






Related Links:

Market still indecisive as OPEC meeting closes in
A/S Global Risk Management Ltd.

Latest News:

Two more registries approve e-Orb Oil Record Book software
Brightoil's Audit Committee 'negotiating' with adviser; results release date still unknown
Brightoil's Singapore CEO and head of bunkering steps down
ICS urges IMO action to avoid sulphur cap 'chaos'
Oil and fuel oil hedging market update
KC LNG unveils 'game-changer' Y-piece that slashes bunker delivery times
Maersk COO explains unit cost at fixed bunker price, outlines fuel efficiency plan
Brent remains near $80
Oil and fuel oil hedging market update
MAN Diesel & Turbo joins SEA\LNG
Crew member files lawsuit against Vane Line Bunkering
GoodFuels secures funding from Dutch investment firm




Page Links:

Prices
Africa
Asia
Latin America
Middle East
North America
North Europe
South Europe
Index Summary
Price Highlights
Commentaries
Futures
Prices
Antwerp
Busan
Cape Town
Fujairah
Houston
Istanbul
Kaohsiung
Las Palmas
Maracaibo
New Orleans
Piraeus
Rio
Rotterdam
Santos
Singapore
News
Latest News
Blogs
Archive
Americas
Asia
Europe
Middle East
News
Air Pollution
Agreements & M&A's
Alternative Fuels
Cargoes & Storage
Efficiency, Costs & Charges
Environment
Events
Financial
Fuel Quality
Lubes & Additives
Oil Spills
People
Port News
Projects
Regulation/Legal
Services, Products, Technology
Statistics & Research
Vessels
Contact & Terms
Contact Us
Advertise
Terms & Conditions
Privacy Policy
Events
Upcoming Events