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The global bunker average rose at a less significant rate than Brent crude during the month of October, according to Bunker Index (BIX) and Intercontinental Exchange (ICE) price data.

The Brent settlement average increased by $4.15 per barrel, or 8.78 percent, to $51.39 per barrel in October. During the same period, the BIX global bunker average was up $25.68 per tonne, or 6.22 percent, to $438.79 per tonne.

In an analysis of the last 12 months, since October 2015, the Brent monthly average has risen $2.05 per barrel, or 4.2 percent, from $49.34 to $51.39 per barrel, whilst the BIX monthly global average has increased by a less significant $3.92 per tonne, or 0.9 percent, from $434.87 to $438.79 per tonne.

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

Month	Brent Average($/bbl)	+/-($)	+/-(%)
Oct 2016	51.39	+4.15	+8.78
Sep 2016	47.24	+0.08	+0.17
Aug 2016	47.16	+0.67	+1.44
Jul 2016	46.49	-3.44	-6.89
Jun 2016	49.93	+2.28	+4.78
May 2016	47.65	+4.35	+10.05
Apr 2016	43.30	+3.48	+8.74
Mar 2016	39.82	+6.29	+18.76
Feb 2016	33.53	+1.61	+5.04
Jan 2016	31.92	-6.98	-17.94
Dec 2015	38.90	-7.03	-15.31
Nov 2015	45.93	-3.41	-6.91
Oct 2015	49.34	+0.80	+1.65
Sep 2015	48.54	+0.33	+0.68
Aug 2015	48.21	-8.53	-15.03
Jul 2015	56.74	-7.01	-11.00
Jun 2015	63.75	-1.86	-2.83
May 2015	65.61	+4.33	+7.07
Apr 2015	61.28	+4.34	+7.62
Mar 2015	56.94	-1.86	-3.16
Feb 2015	58.80	+9.04	+18.17
Jan 2015	49.76	-13.51	-21.35

Month	BIX Average ($/mt)	+/-($)	+/-(%)
Oct 2016	438.79	+25.68	+6.22
Sep 2016	413.11	+5.13	+1.30
Aug 2016	407.98	-6.84	-1.65
Jul 2016	414.82	-0.42	-0.10
Jun 2016	415.24	+23.20	+5.92
May 2016	392.04	+30.14	+8.33
Apr 2016	361.90	+9.85	+2.80
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