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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.
24 Nov 2015 09:01 GMT





Wired Bunkering Pte. Ltd. logo. Evening Price Update

Cargo assessment concluded with positive gains, along with further surge on its swaps. Fuel oil cargo climbed by USD8.00/MT while gasoil cargo shot up sharply by about USD1.50/BBL. All delivered prices were quoted much higher too, along with steep hike on physical cargoes. Meantime, our bunker indications are revised upward for all grades, amid average demand.

Morning Commentary

Crude futures for January contracts settled mixed last night, WTI Crude dipped by just USD0.15/BBL while ICE Brent rose marginally by USD0.17/BBL.

In Singapore, the paper market was talked firm today. Both fuel oil and gasoil papers were pegged higher by an incremental of USD6.75/MT and USD1.00/MT respectively. Cargo trading will possibly make more expensive selling later this afternoon. 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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