Wednesday saw crude moving below $90.00 per barrel, while key price indicator ports Singapore, Rotterdam, Fujairah, and Houston all saw IF0380 drop for the first time since September 20, 2012, Ship & Bunker reports.
Singapore IFO380 moved down $6.00 to $650.50 per metric tonne (pmt), and MGO moved down for a third consecutive market day dropping $7.50 to $958.50 pmt.
Hong Kong saw IFO380 end two consecutive days of gains and moved down $1.00 to $672.00 pmt, while MGO was steady at $982.00 pmt.
Rotterdam IFO380 dropped $2.00 to $634.00, 1.00% maximum sulfur 380 cSt product (LS380) was down $8.00 to $680.50, and MGO fell $7.00 to $959.50 pmt.
Fujairah 380 cSt product was down $5.50 to $652.00 making a week-on-week loss of $18.50, while MGO was steady at $1035.00 pmt.
Houston IFO380 slipped $4.50 to $643.00 pmt, LS380 moved up for the first time this week gaining $2.00 to $743.50, and MGO fell $5.50 to $1026.00 pmt.
LA / Long Beach IFO380 climbed $6.50 to $678.00 pmt, while LS380 fell $2.50 to $824.00 making the premium for the low sulfur product $146.00 pmt.
The mid-week WTI spot price was down for a third consecutive day losing $1.01 to close at $89.98 per barrel.
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