:: Bunkering --- ID :: 14638
Fuel oil today:Market Jumps on for 180 cSt fuel
supply X demand

By Srinivas Chowdary Sunkara // petrobazaar // 27-12-17

FUEL OIL PRICE TODAY

PORT

IFO 380

IFO 180

Singapore

389.00

420.00

Rotterdam

368.50

396.50

Fujairah

380.00

435.00

Busan

420.00

440.00


FUEL OIL PRICE - COMMENTARY

Fuel oil prices spiked around the market. Fuel oil 180 cSt grade jumps on with $10 with 2.44% upward change as on today from yesterday's price after Christmas trade holiday.

Both the crude oil futures went up by above 2.5% on Tuesday. Explosion in Libya and Forties pipeline outage and a  talk of lid by producers on output to prop up oil prices in 2018  are the factors drived Brent to cross $67 and WTI to reach $59.97 a barrel. The rally was gradually running out of steam to move prices down on Wednesday despite of the outage in Libya and North Sea.