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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.
29 Jun 2010 05:28 GMT





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

Fueloil cargo fell by about USD8.00/MT, while Gasoil cargo dipped by about USD1.50/BBL. Only one Gasoil cargo deal was traded on screen. As expected, delivered prices were quoted lower this afternoon.

WTI Access trading was showing much weaker earlier, even though there was a slight rebound moments ago. Meantime, our bunker indication is revised downward for all grades, amid average demand.

Morning Commentary

NYMEX Crude closed softer last night to conclude at USD78.25 a barrel. WTI Access tradng is showing negative gains this morning.

In Singapore, both Fueloil and Gasoil papers opened Flat with little change. For this, our bunker indication shall remain broadly unchanged for all grades till we see how the Cargoes assessment will react this aftenoon.


Related Links:

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

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