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BUNKER INDEX :: Price Index, News and Directory Information for the Marine Fuel Industry
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Singapore Market Commentary
Liow Liak Hong, Wired Bunkering Pte. Ltd.
07 Apr 2009 09:37 GMT





Singapore - Merlion landmark Evening Price Update

Cargo trading ended its trading with some softness, maintaining along with this morning sentiments. Fueloil cargo dipped about USD3.50/MT while Gasoil cargo slid by about USD1.20/BBL. WTI Access trading is showing some sheds too, just moment ago. Demand was noted average so far and our bunker indication is revised downward for all grades.

Morning Commentary

NYMEX Crude price closed weak last night and settled at USD51.05 a barrel. WTI Access trading is showing steady with little fluctuation this morning. Dragged down by the weakened of Crude sentiments, both Fueloil and Gasoil papers opened soft by USD6.50/MT and USD1.70/BBL respectively. Meantime, our bunker indication remains unchanged, except the Distillates which were revised lower.


Related Links:

Company: Wired Bunkering Pte. Ltd.
Country: Singapore
Port: Singapore

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