Falling IFO prices in Asia ended six consecutive days of gains for IFO380 in Singapore and Hong Kong, prices fell $7.00 to $604.50 per metric tonne (pmt) and $5.50 to $622.00 respectively, Ship & Bunker reports.
In Rotterdam IFO380 ended the week by falling $5.00 to $586.50, while MGO was down $2.00 putting the price at $884.50 pmt.
Fujairah saw IFO380 fall $6.50 to $608.50 and ended six consecutive days of gains, while MGO fell for the third consecutive day dropping $9.00 to $993.50 pmt.
Houston IFO380 and MGO ended seven consecutive days of gains, both falling $4.50 moving the price to $586.00 and $902.00 respectively.
LA / Long Beach 380 cSt product dropped $3.00 to $597.00, while MDO gained for the third consecutive day moving up $2.00 to $1049.00.
Crude ended with the WTI spot price week falling $2.77 (-3.18%) to close at $84.45 per barrel.
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