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BUNKER INDEX :: Price Index, News and Directory Information for the Marine Fuel Industry
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Singapore Market Commentary (with evening update)
Liow Liak Hong, Wired Bunkering Pte. Ltd.
07 Jun 2010 06:42 GMT





Liow Liak Hong, Wired Bunkering Pte. Ltd. Evening Price Update

Fueloil cargo closed bearish by around USD20.50/MT, supported by a deal done. Gasoil cargo dived sharply down by USD4.10/BBL, with two deals traded. As expected, delivered prices were offered much lower for all grades.

WTI Access trading is making some recovery as compared to this morning, even though it is still showing negative gain. Meantime, our bunker indication is revised downward once again for all grades, amid average demand so far.

Morning Commentary

NYMEX Crude price plunged sharply by more than USD3.00/BBL last Friday, eventually settling at USD71.51 a barrel. WTI Access trading is falling further this morning.

Along with bearish Crude sentiment, Fueloil paper was valued soft, going down by about USD20.00/MT. Gasoil paper was talked very weak, dipping by USD4.35/BBL today. Without doubts, this will drag down all delivered prices this afternoon. Meantime, our bunker indication is revised downward for all grades.


Related Links:

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

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