Global bunker prices continue to rise on Tuesday

Contributed to IAA PortNews by Ship & Bunker

Global bunker prices continued to rise on Tuesday, Ship & Bunker data showed, but crude was down and corrected much of the gains it made yesterday.

Singapore IFO380 rose for a third consecutive market day, up $3.00 to $622.00 per metric tonne (pmt), while low sulfur 380 cSt product (LS380) at the port was steady at $658.50 pmt.

Rotterdam IFO380 continued its steady gains, moving up by the same amount as yesterday with a gain of $5.00 to $595.50 pmt today, while the product in Fujairah was up $1.50 to $631.50 pmt for a week-on-week gain of $9.50.

Houston IFO380 was up $6.00 to $605.50 pmt, a third market day of gains and up $18.50 in that time.

WTI closed down $0.54 at $95.62 per bbl, and Brent was down $1.06 to $104.40 per bbl.

More bunker prices: http://shipandbunker.com/prices