Market
Commentary in Singapore
Last update 8 Feb 12 6:18 pm
Evening Price Update
Fueloil cargo surged by about USD4-5/MT while Gasoil cargo concluded higher with just USD0.40/BBL hike. One deal each was reported. Demand was still notably below average and all delivered prices were still quoted at more aggressive levels. Crude futures are showing some gains moment ago. Meantime, our bunker indication shall maintain as it was.
Morning Commentary
Crude futures for Mar values closed firm last night. NYMEX Crude price rebounded by USD1.50/bbl while ICE Brent futures took a hike by USD0.30/bbl. With this, Papers' sentiment tagged along as well though only marginally. Both Fueloil and Gasoil papers surged by USD1.50/MT and USD0.10/BBL respectively. Delivered market may just slimmer down, though more attention should be focus on the physical market later this afternoon. Meantime, our bunker indication remains broadly unchanged for all grades.
