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The global Bunker Index (BIX) weekly average rose to its highest level in three weeks during the trading week ending 25th November, according to Bunker Index price data.

In week 47, the bunker average increased by $6.63, or 1.57 percent, to $429.20 per tonne, up from $422.57 per tonne seven days earlier. It is the most significant rise in six weeks - since the $11.16-per-tonne increase recorded in the week ending 14th October. The $429.20-per-tonne average is the highest since the week ending 4th November.

During the same period, the Brent crude front-month settlement weekly average was up $2.37 per barrel, or 5.12 percent, to $48.64 per barrel. It is the biggest week-on-week rise since 7th October.

End-of-week prices

The daily BIX ended the week at $430.99 per tonne - up $7.78, or 1.84 percent, on the $423.21-per-tonne price recorded on 18th November. It is the highest end-of-week price in three weeks, whilst the week-on-week increase is the most significant since 7th October.

The daily Brent front-month settlement price rose by $0.38 per barrel, or 0.81 percent, to $47.24 per barrel in week 47. It is the highest end-of-week price since 28th October.

The Bunker Index (BIX) is the daily global average price for all the 700-plus assessment prices published on the site, covering over 300 ports and the major fuel grades.

Below are tables of recent weekly averages and end-of-week prices for the Bunker Index (BIX) and Brent front-month settlement price.

Weekly averages

Week Ending	Week	BIX Avg. ($)	$ (+/-)	% (+/-)
25/11/2016	Week 47	429.20	+6.63	+1.57
18/11/2016	Week 46	422.57	-6.60	-1.54
11/11/2016	Week 45	429.17	-8.50	-1.94
04/11/2016	Week 44	437.66	-7.74	-1.74
28/10/2016	Week 43	445.40	+2.55	+0.58

Week Ending	Week	Brent Avg. ($)	$ (+/-)	% (+/-)
25/11/2016	Week 47	48.64	+2.37	+5.12
18/11/2016	Week 46	46.27	+0.44	+0.97
11/11/2016	Week 45	45.83	-1.22	-2.59
04/11/2016	Week 44	47.05	-3.44	-6.81
28/10/2016	Week 43	50.48	-1.32	-2.56

End-of-week prices

Date	Week	Daily BIX ($)	$ (+/-)	% (+/-)
25/11/2016	Week 47	430.99	+7.78	+1.84
18/11/2016	Week 46	423.21	-2.61	-0.61
11/11/2016	Week 45	425.82	-5.97	-1.38
04/11/2016	Week 44	431.79	-12.57	-2.83
28/10/2016	Week 43	444.36	-0.22	-0.05

Date	Week	Daily Brent ($)	$ (+/-)	% (+/-)
25/11/2016	Week 47	47.24	+0.38	+0.81
18/11/2016	Week 46	46.86	+2.11	+4.72
11/11/2016	Week 45	44.75	-0.83	-1.82
04/11/2016	Week 44	45.58	-4.13	-8.31
28/10/2016	Week 43	49.71	-2.07	-4.00