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Thu 4 Apr 2013, 11:35 GMT

WTI vs BIX price comparison


Analysis of WTI crude vs the BIX global bunker price.

The average global bunker price decreased at a higher rate than WTI crude in March 2013, according to Bunker Index price data

The WTI settlement average fell by $0.39 per barrel, or 0.42 percent, to $92.98 per barrel in the month of March. However, during the same period, the BIX global bunker average declined by $27.77 per tonne, or 3.3 percent, to $816.96 per tonne.

Between March 2012 and March 2013, the WTI monthly average fell by $13.27 per barrel, or 12.5 percent, from $106.25 to $92.98 per barrel, whilst the BIX monthly global average declined by $85.18 per tonne, or 9.4 percent, from $902.14 to $816.96 per tonne.

Please find below tables of monthly WTI crude settlement averages and BIX global bunker averages between January 2011 and March 2013.

Month WTI Average($/bbl) +/- +/-(%)
Mar 2013 92.98 -0.39 -0.42
Feb 2013 93.37 -1.52 -1.60
Jan 2013 94.89 +6.64 +7.52
Dec 2012 88.25 +1.49 +1.72
Nov 2012 86.76 -2.81 -3.14
Oct 2012 89.57 -4.99 -5.28
Sep 2012 94.56 +0.39 +0.41
Aug 2012 94.17 +6.24 +7.10
Jul 2012 87.93 +5.53 +6.71
Jun 2012 82.40 -12.32 -13.00
May 2012 94.72 -8.63 -8.35
Apr 2012 103.35 -2.90 -2.73
Mar 2012 106.25 +3.84 +3.75
Feb 2012 102.41 +2.09 +2.08
Jan 2012 100.32 +1.74 +1.77
Dec 2011 98.58 +1.42 +1.46
Nov 2011 97.16 +10.73 +12.41
Oct 2011 86.43 +0.82 +0.96
Sep 2011 85.61 -0.75 -0.87
Aug 2011 86.36 -10.99 -11.29
Jul 2011 97.35 +1.01 +1.05
Jun 2011 96.34 -5.02 -4.95
May 2011 101.36 -8.69 -7.90
Apr 2011 110.05 +7.06 +6.86
Mar 2011 102.98 +12.96 +14.39
Feb 2011 90.03 +0.45 +0.50
Jan 2011 89.58


Month BIX Average ($/mt) +/- ($) +/- (%)
Mar 2013 816.96 -27.77 -3.3
Feb 2013 844.73 +21.31 +2.6
Jan 2013 823.42 +19.38 +2.4
Dec 2012 804.04 -6.05 -0.7
Nov 2012 810.09 -23.85 -2.9
Oct 2012 833.94 -19.14 -2.2
Sep 2012 853.08 +20.09 +2.4
Aug 2012 832.99 +47.42 +6.0
Jul 2012 785.57 +10.62 +1.4
Jun 2012 774.95 -70.59 -8.3
May 2012 845.54 -43.51 -4.9
Apr 2012 889.05 -13.09 -1.5
Mar 2012 902.14 +28.38 +3.2
Feb 2012 873.76 +24.73 +2.9
Jan 2012 849.03 +30.85 +3.8
Dec 2011 818.18 -16.64 -2.0
Nov 2011 834.82 +20.21 +2.5
Oct 2011 814.61 -5.29 -0.6
Sep 2011 819.90 +0.52 +0.06
Aug 2011 819.38 -15.42 -1.8
Jul 2011 834.80 +11.61 +1.4
Jun 2011 823.19 +1.11 +0.1
May 2011 822.08 -24.57 -2.9
Apr 2011 846.65 +46.40 +5.8
Mar 2011 800.25 +71.17 +9.8
Feb 2011 729.08 +62.34 +9.3
Jan 2011 666.74 +29.67 +4.7

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