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Mon 10 Jun 2013, 09:01 GMT

WTI vs BIX price comparison


Analysis of WTI crude vs the BIX global bunker price.

The average global bunker price dipped whilst WTI crude rose slightly in May 2013, according to Bunker Index price data

The WTI settlement average rose by $0.68 per barrel, or 0.74 percent, to $94.75 per barrel in the month of May. However, during the same period, the BIX global bunker average declined by $4.64 per tonne, or 0.6 percent, to $786.61 per tonne.

Between May 2012 and May 2013, the WTI monthly average rose by just $0.03 per barrel, or 0.03 percent, from $94.72 to $94.75 per barrel, whilst the BIX monthly global average declined by $58.93 per tonne, or 7.49 percent, from $845.54 to $786.61 per tonne.

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

Month WTI Average($/bbl) +/- +/-(%)
May 2013 94.75 +0.68 +0.74
Apr 2013 92.07 -0.91 -0.98
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 ($/mt) +/- ($) +/- (%)
May 2013 786.61 -4.64 -0.6
Apr 2013 791.25 -25.71 -3.1
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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