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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.
22 Mar 2016 04:54 GMT





Wired Bunkering Pte. Ltd. logo. Evening Update

Cargo trading ended and gained firmer today with fuel oil surging by almost USD4.00/MT, while gas oil cargo rose marginally by about USD0.15/BBL. Market demand has soared, yet the competition levels still much aggressively cheaper than ex-wharf spot levels. Crude sentiment was showing almost flat earlier. Meantime, our bunker indications are revised upwards only on the intermediate fuel oil.

Morning Commentary

Crude future for May contracts settled firmer last night, notably WTI Crude and ICE Brent gained by USD0.45/BBL and USD0.34/BBL respectively. This has driven the paper sentiment to make positive gains this morning. Fuel oil paper opened higher by USD3.75/MT and while gasoil paper was pegged with an incremental of USD0.44/bbl. Cargo trading may follow and make more costly offers later this afternoon. Meantime, our bunker indications are revised upward marginally for all grades.


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

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