Singapore Market Commentary (with evening update)

Thu 6 Aug 2009, 05:54 GMT

Singapore Market Commentary (with evening update)

Evening Price Update

Fueloil cargo rose by about USD4.00/MT while Gasoil Cargo concluded very firm this afternoon, surging by about USD2.50/BBL. Only two Gasoil cargoes were traded during the day. Delivered price were quoted higher too, especially the Distillate products.

WTI Access trading is showing steady to marginal dip moment ago. Meantime, our bunker indication is revised upward for all grades, notably average demand so far.

Morning Commentary

NYMEX Crude price closed higher by fifty-five US cents a barrel last night yet WTI Access trading is showing some sheds this morning.

Gasoil paper was talked with a strong surge close to USD1.90/BBL today and Fueloil paper opened firmer by USD2.00/MT. With this, our bunker indication is revised higher for the MDO/MGO while maintain unchanged for the other grades.

MGO Singapore Singapore (SG)


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