Singapore Market Commentary (with evening update)

Wed 23 Jun 2010, 06:39 GMT

Singapore Market Commentary (with evening update)

Evening Price Update

Cargoes assessment closed mixed this afternoon. Fueloil cargo closed firmer by USD2.50/MT while Gasoil cargo dipped by about USD0.40/BBL instead. No deal was reported on screen.

WTI Access trading is showing negative gains since this morning. Meantime, our bunker indication remains unchanged except the MDO/MGO which are adjusted downward once again, amid average demand.

Morning Commentary

NYMEX Crude price closed softer last evening, eventually concluding at USD77.86 a barrel. WTI Access trading is showing weaker this morning.

With weakened Crude sentiments, both Fueloil and Gasoils papers were talked weaker too, dipping by about USD2.00/MT and USD1.00/BBL respectively. Meantime, our bunker indication is revised downward only for the MDO/MGO.

MGO Singapore Singapore (SG)


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