Many ports saw small gains on Wednesday, however key price indicator ports Singapore and Houston both saw their first negative IFO380 price movement since last Friday.
Singapore IFO380 moved down $1.00 to $670.50 per metric tonne (pmt), while MGO moved down $0.50 to $989.50 pmt.
Hong Kong saw IFO380 gain for a second consecutive day moving up $0.50 to $688.00 pmt, and MGO dropped $2.00 to $997.00.
Rotterdam IFO380 was up for a second consecutive day gaining $1.00 to $653.00 pmt, 1.00% maximum sulfur 380 cSt product (LS380) was steady at $713.50, and MGO fell for the first time since August 14, 2012 losing $2.50 to $974.50 pmt.
Fujairah 380 cSt product moved up for the first time since August 17, 2012 climbing $1.50 to $681.50 pmt, while MGO fell $3.00 to $1018.50.
Houston IFO380 was down $0.50 to $660.50, LS380 gained for a seventh consecutive market day climbing $3.00 to $768.00 pmt, and MGO added $10.00 to bring the price to $1034.50.
LA / Long Beach IFO380 and LS380 both moved up for the first time since August 16, 2012, IFO380 climbing $13.00 to $661.00 pmt, and LS380 jumped $29.00 to $930.00 making the premium for LS380 $269.00 pmt.
The WTI spot price moved up for a second consecutive day gaining $0.58 to close at $96.98 per barrel.
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