:: Bunkering --- ID :: 14501
Fuel oil prices are up
FUEL OIL PRICE TREND IN SINGAPORE MARKET

By Srinivas Chowdary Sunkara // petrobazaar // 21-11-2017.

DAILY PRICES OF FUEL OIL 
PortIFO 380
Singapore375.00 +3.00
Rotterdam353.00 +6.00
Fujairah370.00 +7.50
Busan388.50 -4.00
IFO 180
406.00 +3.00
380.50 +7.00
440.00 -10.00
410.00 -5.00
MGODate
553.00 +11.002017-11-20
537.50 +5.502017-11-20
620.00 +12.502017-11-20
570.00 -10.002017-11-20

FUEL OIL PRICE MOVEMENT AND ANALYSIS

Fuel oil prices are turned upside following a spike in crude prices on Friday, around all major ports. IFO 180 CST grade price was increased by $3 or 0.74% as on 20/11/17 from its previous closing price. Fuel oil prices were volatile during the last week and marked as unchanged. Both the crude oil contracts were on downside by above 0.5% on Monday. Many of the traders and investors are waiting for the OPEC's decision at the month end meeting scheduled. Rig numbers were unchanged in U.S.