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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.
26 Nov 2015 08:56 GMT





Wired Bunkering Pte. Ltd. logo. Evening Price Update

Cargo trading ended weaker instead after Market-On-Close. Fuel oil cargo dipped by about a dollar PMT while gasoil cargo concluded lower by USD0.35/BBL. Delivered prices were heard offered competitively cheaper, though crude futures were just showing slightly softer earlier. Meantime, our bunker indications are revised downward for all grades, amid average demand.

Morning Commentary

Both WTI Crude price and ICE Brent future closed steady with marginal change, and notably settled higher by USD0.17/BBL and USD0.05/BBL respectively. These figures were showing slight gains moments ago, which it has stimulated papers to open firmer. Fuel oil paper rose by USD2.75/MT while gasoil paper opened flat with little change. We shall see how cargo trading will react later in the day. Meantime, our bunker indications remain unchanged for all grades.


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

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