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The average price of 380 centistoke (cSt) intermediate fuel oil (IFO) in Fujairah rose to its highest level in seven months in May, according to Bunker Index price data.

The monthly 380 cSt average at the Middle East's leading bunker port was up $41, or 21.4 percent, to $233 per tonne, during a month that saw Fujairah's best-selling fuel grade record a $32 low-to-high price differential with a range of $213 to $245 per tonne.

It is the fourth monthly increase in a row, but the fifth since May 2015. The 21.4 percent rise is the most significant since February 2015. In dollar terms, it equals the $41-dollar increase in May 2015.

The month ended with an assessment price of $242.50 per tonne - up $14.00, or 6.1 percent, on the $228.50 per tonne recorded on the last trading day of April.

A full summary of current and historical prices in Fujairah can be found by clicking on the following link:

http://www.bunkerindex.com/prices/portfree_xmdo.php?port_id=214

Please find tables below outlining average monthly Fujairah 380 cSt prices between January 2015 and May 2016, and end-of-month prices since December 2015.

Month	Average ($/mt)	Low	High
May 16	233	213.00	245.00
Apr 16	192	158.00	230.00
Mar 16	170	142.00	185.00
Feb 16	153	137.00	175.00
Jan 16	148	122.00	176.00
Dec 15	176	150.00	220.00
Nov 15	225	202.00	248.00
Oct 15	243	225.00	280.00
Sep 15	237	220.00	270.00
Aug 15	251	197.00	285.00
Jul 15	308	284.00	343.00
Jun 15	349	322.00	385.00
May 15	381	364.00	410.00
Apr 15	340	310.00	366.00
Mar 15	334	298.00	385.00
Feb 15	357	300.00	395.00
Jan 15	287	260.00	320.00

Date	Price ($/mt)	Day's Low	Day's High
May 31, 2016	242.50	240.00	245.00
April 30, 2016	228.50	227.00	230.00
Mar 31, 2016	172.50	170.00	175.00
Feb 29, 2016	149.00	148.00	150.00
Jan 29, 2016	166.50	158.00	175.00
Dec 31, 2015	159.00	153.00	165.00