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The daily global average for 380 centistoke (cSt) intermediate fuel oil (IFO), the Bunker Index 380 (BIX 380), recorded its highest end-of-week price of the year on Friday.

The daily BIX 380 ended week 51 at $355.57 per tonne, up $2.75, or 0.78 percent, on the figure recorded seven days earlier.

Friday's end-of-week price was the highest since the $361.53-per-tonne index recorded on Friday 10th July 2015. The week-on-week increase was the fourth in a row.

Meanwhile, the weekly BIX 380 average increased by $5.27, or 1.5 percent, to $355.74 per tonne, up from $350.47 per tonne the previous week. The $355.74-per-tonne average is the highest since the week ending 17th July 2015 ($357.77 per tonne).

The BIX 380 is the daily global average price for all 380 cSt (or IFO 380) assessment prices published on the Bunker Index website.

Below are tables of recent end-of-week daily BIX 380 prices and weekly BIX 380 averages.

End-of-week prices

Date	Week	Daily BIX 380 ($)	$ (+/-)	% (+/-)
23/12/2016	Week 51	355.57	+2.75	+0.78
16/12/2016	Week 50	352.82	+11.83	+3.47
09/12/2016	Week 49	340.99	+11.77	+3.58
02/12/2016	Week 48	329.22	+13.28	+4.20
25/11/2016	Week 47	315.94	+10.22	+3.34
18/11/2016	Week 46	305.72	-1.21	-0.39
11/11/2016	Week 45	306.93	-1.05	-0.34
04/11/2016	Week 44	307.98	-12.96	-4.04
28/10/2016	Week 43	320.94	-0.47	-0.15

Weekly averages

Week Ending	Week	BIX 380 Avg. ($)	$ (+/-)	% (+/-)
23/12/2016	Week 51	355.74	+5.27	+1.50
16/12/2016	Week 50	350.47	+12.92	+3.83
09/12/2016	Week 49	337.55	+17.24	+5.38
02/12/2016	Week 48	320.31	+7.41	+2.37
25/11/2016	Week 47	312.90	+7.81	+2.56
18/11/2016	Week 46	305.10	-2.95	-0.96
11/11/2016	Week 45	308.05	-5.62	-1.79
04/11/2016	Week 44	313.66	-8.57	-2.66
28/10/2016	Week 43	322.23	+3.19	+1.00