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End-of-week prices

The daily Bunker Index (BIX) ended week 48 at $442.37 per tonne - up $11.38, or 2.64 percent, on the $430.99-per-tonne price recorded on 25th November. It is the highest end-of-week price in five weeks, whilst the week-on-week increase is the most significant since 7th October.

During the same period, the daily Brent front-month settlement price skyrocketed $7.22 per barrel, or 15.28 percent, to $54.46 per barrel. It is the biggest weekly increase of the year; it is also the highest daily settlement price of year, and therefore the highest end-of-week price of 2016.

Weekly averages

The global BIX weekly average rose to its highest level in four weeks during the trading week ending 2nd December, according to Bunker Index price data.

In week 48, the bunker average increased by $5.38, or 1.25 percent, to $434.58 per tonne, up from $429.20 per tonne seven days earlier. It is the second weekly increase in a row.

During the same period, the Brent crude front-month settlement weekly average was up $2.06 per barrel, or 4.23 percent, to $50.70 per barrel. It is the second-biggest week-on-week rise since 7th 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.

End-of-week prices

Date	Week	Daily BIX ($)	$ (+/-)	% (+/-)
02/12/2016	Week 48	442.37	+11.38	+2.64
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 ($)	$ (+/-)	% (+/-)
02/12/2016	Week 48	54.46	+7.22	+15.28
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

Weekly averages

Week Ending	Week	BIX Avg. ($)	$ (+/-)	% (+/-)
02/12/2016	Week 48	434.58	+5.38	+1.25
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. ($)	$ (+/-)	% (+/-)
02/12/2016	Week 48	50.70	+2.06	+4.23
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