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The average monthly WTI crude price fell at a more significant rate than the global bunker average for the seventh month in a row in January, according to Bunker Index (BIX) and New York Mercantile Exchange (NYMEX) price data.

The WTI settlement average decreased by $11.95 per barrel, or 20.15 percent, to $47.36 per barrel in January. During the same period, the BIX global bunker average was down $65.54 per tonne, or 11.70 percent, to $494.61 per tonne.

Since June 2014, the WTI monthly average has declined by $57.77 per barrel, or 54.95 percent, from $105.13 to $47.36 per barrel, whilst the BIX monthly global average has declined by $299.20 per tonne, or 37.69 percent, from $793.81 to $494.61 per tonne.

Over the last 12 months - between January 2014 and January 2015 - the WTI monthly average has fallen by $47.46 per barrel, or 50.05 percent, from $94.82 to $47.36 per barrel, whilst the BIX monthly global average has declined by $293.24 per tonne, or 37.22 percent, from $787.85 to $494.61 per tonne.

Please find below tables of monthly WTI crude settlement averages and BIX global bunker averages between January 2011 and January 2015.

Month	WTI Average($/bbl)	+/-	+/-(%)
Jan 2015	47.36	-11.95	-20.15
Dec 2014	59.31	-16.17	-21.42
Nov 2014	75.48	-8.85	-10.49
Oct 2014	84.33	-8.80	-9.45
Sep 2014	93.13	-2.32	-2.43
Aug 2014	95.45	-7.00	-6.83
Jul 2014	102.45	-2.68	-2.26
Jun 2014	105.13	+3.23	+3.17
May 2014	101.90	-0.12	-0.12
Apr 2014	102.02	+1.52	+1.51
Mar 2014	100.50	-0.18	-0.18
Feb 2014	100.68	+5.86	+6.18
Jan 2014	94.82	-3.07	-3.14
Dec 2013	97.89	+4.02	+4.28
Nov 2013	93.87	-6.70	-6.66
Oct 2013	100.57	-5.67	-5.34
Sep 2013	106.24	-0.31	-0.29
Aug 2013	106.55	+2.01	+1.92
Jul 2013	104.54	+8.74	+9.12
Jun 2013	95.80	+1.05	+1.11
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 ($/mt)	+/- ($)	+/- (%)
Jan 2015	494.61	-65.54	-11.70
Dec 2014	560.15	-89.61	-13.79
Nov 2014	649.76	-50.57	-7.22
Oct 2014	700.33	-53.49	-7.10
Sep 2014	753.82	-15.61	-2.03
Aug 2014	769.43	-13.33	-1.70
Jul 2014	782.76	-11.05	-1.39
Jun 2014	793.81	+4.76	+0.6
May 2014	789.05	+0.09	+0.01
Apr 2014	788.96	-3.85	-0.5
Mar 2014	792.81	-0.82	-0.1
Feb 2014	793.63	+5.78	+0.7
Jan 2014	787.85	-5.72	-0.7
Dec 2013	793.57	+11.58	+1.48
Nov 2013	781.99	-9.31	-1.18
Oct 2013	791.30	-7.95	-1.0
Sep 2013	799.25	+2.96	+0.4
Aug 2013	796.29	+5.44	+0.7
Jul 2013	790.85	+4.29	+0.5
Jun 2013	786.56	-0.05	-0.006
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