Singapore Market Commentary (with evening update)

Thu 10 May 2012, 06:07 GMT

Singapore Market Commentary (with evening update)

Evening Price Update

Cargoes trading ended mixed this afternoon. Fueloil cargo dipped by about USD2.00/MT while Gasoil cargo climbed higher instead, making away with about USD0.40/bbl.

Delivered prices still going at very competitive levels as Crude futures were showing some weakness earlier after Asian close. Meantime, our bunker indication is revised accordingly, amid average demand.

Morning Commentary

June's WTI Crude future closed a tad lower while Ice Brent closed firmer last night however, both were weakening this morning.

Both Fueloil and Gasoil papers opened higher today by USD 0.70/MT and about USD 0.85/BBL respectively. Our bunker indication in the meantime,remains unchanged except for MDO/MGO which are revised higher

MGO Singapore Singapore (SG)


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