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The average price of 380-centistoke (cst) fuel oil in Fujairah rose by $45 per tonne, or 6.6 percent, during the month of January, according to Bunker Index price data.

The 380-cst average at the Middle East's leading bunker port increased to $722 per tonne last month, up from $677 per tonne in December.

Last month's price is higher than all the monthly averages recorded in 2011 and even surpasses the $719 per tonne price recorded in July 2008 - a period when crude prices reached record highs, with WTI peaking at $147.27 per barrel on July 11th 2008.

Please find a table below outlining average monthly Fujairah 380-cst prices between April 2008 and January 2012.

Month	Average ($/mt)	Low	High
Jan 12	722	694.00	732.00
Dec 11	677	654.00	693.00
Nov 11	687	658.00	716.00
Oct 11	659	629.00	685.00
Sep 11	654	630.00	675.00
Aug 11	666	640.00	699.00
Jul 11	672	639.00	697.00
Jun 11	650	624.00	675.00
May 11	646	619.00	685.00
Apr 11	676	655.00	688.00
Mar 11	635	616.00	648.00
Feb 11	621	575.00	665.00
Jan 11	540	517.00	574.00
Dec 10	503	488.00	514.00
Nov 10	487	468.00	510.00
Oct 10	472	460.00	483.00
Sep 10	443	436.00	455.00
Aug 10	452	434.50	475.00
Jul 10	440	418.00	456.00
Jun 10	441	428.00	456.00
May 10	460	419.00	500.00
Apr 10	482	466.00	500.00
Mar 10	466	453.00	482.00
Feb 10	458	437.50	477.00
Jan 10	479	453.00	507.00
Dec 09	461	440.00	486.00
Nov 09	463	446.50	473.00
Oct 09	442	418.00	462.00
Sep 09	432	414.00	448.00
Aug 09	443	426.00	462.00
Jul 09	405	378.00	434.00
Jun 09	405	392.00	421.00
May 09	342	292.00	385.00
Apr 09	287	252.00	303.00
Mar 09	242	225.00	269.00
Feb 09	256	239.00	275.00
Jan 09	257	229.00	278.00
Dec 08	224	208.00	255.00
Nov 08	240	208.00	288.00
Oct 08	407	281.00	557.00
Sep 08	597	514.00	709.00
Aug 08	688	635.00	734.00
Jul 08	719	675.00	765.00
Jun 08	628	561.00	686.00
May 08	585	540.00	640.00
Apr 08	530	500.00	556.00