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The average monthly WTI crude price increased at a more significant rate than the average global bunker price during the month of March, according to Bunker Index (BIX) and New York Mercantile Exchange (NYMEX) price data.

The WTI settlement average was up $7.36 per barrel, or 24.0 percent, to $38.03 per barrel in March. During the same period, the BIX global bunker average rose $13.26 per tonne, or 3.91 percent, to $352.05 per tonne.

Over the last 12 months - between March 2015 and March 2016 - the WTI monthly average has fallen $9.86 per barrel, or 20.6 percent, from $47.89 to $38.03 per barrel, whilst the BIX monthly global average has declined by $160.70 per tonne, or 31.3 percent, from $512.75 to $352.05 per tonne.

Please find below tables of monthly WTI crude settlement averages and BIX global bunker averages between January 2015 and March 2016.

Month	WTI Average($/bbl)	+/-	+/-(%)
Mar 2016	38.03	+7.36	+24.00
Feb 2016	30.67	-1.16	-3.64
Jan 2016	31.83	-5.61	-14.98
Dec 2015	37.44	-5.53	-12.90
Nov 2015	42.97	+3.37	+7.27
Oct 2015	46.34	+0.91	+2.00
Sep 2015	45.43	+2.54	+5.90
Aug 2015	42.89	-8.26	-16.15
Jul 2015	51.15	-8.71	-14.55
Jun 2015	59.86	+0.43	+0.72
May 2015	59.43	+4.74	+8.67
Apr 2015	54.69	+6.80	+14.20
Mar 2015	47.89	-2.96	-5.82
Feb 2015	50.85	+3.49	+7.36
Jan 2015	47.36	-11.95	-20.15

Month	BIX Average ($/mt)	+/- ($)	+/- (%)
Mar 2016	352.05	+13.26	+3.91
Feb 2016	338.79	-4.04	-1.18
Jan 2016	342.83	-34.20	-9.10
Dec 2015	377.03	-42.34	-10.10
Nov 2015	419.37	-15.50	-3.56
Oct 2015	434.87	-3.03	-0.70
Sep 2015	437.90	-11.09	-2.50
Aug 2015	448.99	-49.77	-9.98
Jul 2015	498.76	-36.76	-6.86
Jun 2015	535.52	-8.48	-1.56
May 2015	544.00	+30.94	+6.03
Apr 2015	513.06	+0.31	+0.06
Mar 2015	512.75	-5.65	-1.09
Feb 2015	518.40	+23.79	+4.80
Jan 2015	494.61	-65.54	-11.70