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BUNKER INDEX :: Price Index, News and Directory Information for the Marine Fuel Industry
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Singapore Market Commentary (with evening update)
Liow Liak Hong, Wired Bunkering Pte. Ltd.
28 Jun 2010 06:32 GMT





Liow Liak Hong, Wired Bunkering Pte. Ltd. Evening Price Update

Fueloil cargo closed firm by about USD7.00/MT, with no deal reported. Gasoil cargo went up by around USD1.60/BBL, notably one deal done on screen. Without doubt, delivered prices were being quoted more expensively along with Cargoes surge, even though WTI Access is shedding some of its losses from last closing. Meantime, our bunker indication is revised moderately upward again, amid average demand.

Morning Commentary

NYMEX Crude price surged sharply last Friday to close at USD78.86 a barrel. WTI Access trading is gaining further this morning.

With strong Crude sentiment, both Fueloil and Gasoil papers were pegged bullish, notably climbed up by USD13.00/MT and USD2.50/BBL respectively. This will likely push up the bunker market to sell more expensively later in the day. Meantime, our bunker indication is revised upward for all grades.


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

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