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BUNKER INDEX :: Price Index, News and Directory Information for the Marine Fuel Industry
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Singapore Market Commentary
Liow Liak Hong, Wired Bunkering Pte. Ltd.
04 Nov 2015 08:38 GMT





Wired Bunkering Pte. Ltd. logo. Evening Price Update

Cargo assessment ended with all swaps surging higher. This has pushed fuel oil cargo to gain about USD7.00/MT while gasoil cargo rose by USD2.15/BBL. All intermediate grades and distillates were offered more expensive, though a handful of deals were obviously spill-overs from the last few days and paid more for their fuel. Meantime, our bunker indication is revised upwards for all grades, amid average demand.

Morning Commentary

Crude futures sentiment firmed up strongly yesterday after Asian closed. Eventually, the December values closed bullish. Both NYMEX Crude price and ICE Brent surged sharply by USD1.76/BBL and USD1.75/BBL respectively. This has pushed up all paper values by much as well. Fuel oil paper opened very firm, gaining USD10.00/MT, while gasoil paper was pegged much higher, by USD2.10/BBL. As a result, cargo trading will be making higher offers today. Meantime, our bunker indications are revised upward for all grades.


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Company: Wired Bunkering Pte. Ltd.
Country: Singapore
Port: Singapore

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