The week closed with bunker prices moving up moderately, and key price indicator ports Singapore, Rotterdam, Fujairah, and Houston all saw week-on-week gains between $14.50 and $22.50 pmt.
Singapore IFO380 and MGO both moved up $7.50 ending the week at $691.50 and $1003.50 per metric tonne (pmt) respectively, and IFO380 at the port gained $15.00 on last Friday's price.
Hong Kong saw IFO380 move up $3.00 to $705.00 pmt for a week-on-week increase of $15, while MGO climbed for a third consecutive day adding $1.00 to bring the price to $1014.00 pmt.
Rotterdam IFO380 gained $7.00 to $668.50 pmt adding $14.50 to last Friday's price, 1.00% maximum sulfur 380 cSt product (LS380) moved up $9.00 to $733.50, and MGO was up $6.50 to $1005.50 pmt.
Fujairah 380 cSt product and MGO moved up for a third consecutive day, IFO380 climbing $9.00 to $700.00 and making a $15.00 week-on-week gain, while MGO added $1.50 to bring the price to $1055.00 pmt.
Houston IFO380 and LS380 moved up for a sixth consecutive market day, IFO380 up $3.00 to $676.00 pmt and gaining $22.50 on last Friday's price, and LS380 rose $9.00 to $779.00. MGO climbed $1.50 to $1061.00 pmt.
LA / Long Beach IFO380 moved down for a third consecutive day losing $4.00 to $662.50 pmt and making a week-on-week loss of $20.00 pmt.
The week closed with the WTI spot price moving up for a second consecutive day gaining $0.69 to close at $99.00 per barrel.
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