Bunker prices were down on Thursday as crude regained much of what it lost on Wednesday. Key price indicator ports Singapore, Rotterdam, and Fujairah saw IFO380 make a second consecutive day of losses and the key grade in Houston moved down for a third consecutive day, Ship & Bunker reports.
Singapore IFO380 was down $9.50 to $640.00 per metric tonne (pmt) making a week-on-week loss of $8.50, and MGO fell $14.00 to $947.00 pmt.
Hong Kong saw IFO380 slip for a second consecutive day losing $12.00 to bring the price to $654.50, while MGO dropped $11.00 to $972.50 pmt.
Rotterdam IFO380 lost $7.50 to $619.00, 1.00% maximum sulfur 380 cSt product (LS380) was down $10.50 to $665.50 pmt, and MGO fell for a fourth consecutive market day down $5.50 to $957.50 pmt.
Fujairah 380 cSt product dropped $9.50 to $640.00 pmt, $8.50 lower than last Thursday's price, while MGO slipped $3.00 to $1031.50 pmt.
Houston IFO380 was down for a third consecutive day losing $4.00 to $630.00 pmt, LS380 fell $10.00 to $724.00, and MGO dropped $5.00 to $1025.00 pmt.
LA / Long Beach IFO380 fell for a fourth consecutive day losing $9.00 to $653.50, while LS380 rose $9.50 to $771.00 pmt bringing the premium for the low sulfur fuel to $117.50.
Thursday's WTI spot price gained $3.57 (4.05%) correcting yesterday's drop of $3.75, to close at $91.71 per barrel.
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