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By the Oil Desk at Freight Investor Services Ltd.

Economic Data/Events: (UK times)

* 9:30am: U.K. CPI m/m for May, est. 0.2% (prior 0.5%)

* 9:30am: U.K. CPI y/y for May, est. 2.7% (prior 2.7%)

* 9:30am: U.K. PPI output NSA m/m for May, est. 0.1% (prior 0.4%)

* 10am: Germany ZEW survey current situation for June, est. 85 (prior 83.9)

* 10am: Germany ZEW survey expectations for June, est. 21.7 (prior 20.6)

* 11am: U.S. NFIB small business optimism, May, est. 104.5 (prior 104.5)

* 1:30pm: U.S. PPI final demand m/m, May, est. 0% (prior 0.5%)

* 2:30pm: BP Statistical Review of World Energy 2017

* 9:30pm: API issues weekly U.S. oil inventory report

* Today

** Bloomberg-compiled refinery snapshot, looking at key outages at refineries in U.S., China, Canada and providing offline capacity projections for crude units, FCCs

** OPEC Monthly Oil Market Report

** Global Petroleum Show in Calgary

Singapore 380 cSt

Jul17 - 285.50 / 287.50

Aug17 - 284.00 / 286.00

Sep17 - 282.50 / 284.50

Oct17 - 281.00 / 283.00

Nov17 - 280.25 / 282.25

Dec17 - 279.50 / 281.50

Q3-17 - 284.00 / 286.00

Q4-17 - 280.25 / 282.25

Q1-18 - 278.00 / 280.50

Q2-18 - 277.50 / 280.00

CAL18 - 278.00 / 281.50

CAL19 - 270.00 / 275.00

CAL20 - 242.50 / 250.50

Singapore 180 cSt

Jul17 - 292.25 / 294.25

Aug17 - 290.50 / 292.50

Sep17 - 289.00 / 291.00

Oct17 - 288.00 / 290.00

Nov17 - 287.25 / 289.25

Dec17 - 286.50 / 288.50

Q3-17 - 290.50 / 292.50

Q4-17 - 287.25 / 289.25

Q1-18 - 285.00 / 287.50

Q2-18 - 284.75 / 287.25

CAL18 - 285.50 / 289.00

CAL19 - 278.00 / 283.00

CAL20 - 251.50 / 259.50

Rotterdam 380 cSt

Jul17 270.75 / 272.75

Aug17 268.50 / 270.50

Sep17 266.50 / 268.50

Oct17 264.50 / 266.50

Nov17 262.50 / 264.50

Dec17 260.50 / 262.50

Q3-17 268.50 / 270.50

Q4-17 262.50 / 264.50

Q1-18 261.25 / 263.75

Q2-18 262.00 / 264.50

CAL18 261.50 / 265.00

CAL19 250.25 / 255.25

CAL20 220.75 / 228.75

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Founded in 2002, Freight Investor Services is a specialist in dry bulk and commodity derivatives, including cargo freight, iron ore, fertilizer and bunker fuel. The company has offices in London, Dubai, Singapore and Shanghai.

For further details about fuel oil swaps or to discuss trading opportunities, please contact Andrew Cullen, Client Relations & Development Manager, on +44 207 090 1126, or email AndrewC@freightinvestor.com.