By Srinivas Chowdary Sunkara // petrobazaar // 8th Nov 2019.
BUNKERING NEWS
Bunker Price Index consist of a range of prices for 180 HSFO, 380 HSFO and MGO(Gasoil) in the main world hubs turned into downward evolution yesterday. Fuel oil futures in Singapore market dropped by 6.78%. IFO 180 cSt and 380 cSt graded fuel oil prices settled down by $28 to $385 and $355 respectively while MGO prices are slipped by $5. The world crude oil indexes rose yesterday on an optimism buoyed by headlines news on the progress in U.S-Sino trade agreement. Build in crude inventories and ramping up in KSA production dented the gains.
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