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Singapore Market Commentary (with evening update)
Liow Liak Hong, Wired Bunkering Pte. Ltd.
26 Feb 2010 06:14 GMT
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|  Evening Price Update
Fueloil cargo plunged by USD 12-13/MT, reflecting very bearish paper value this afternoon. Gasoil cargo also dipped heavily by USD 1.90-2.00/BBL. Our Bunker indication was revised lower for all grades. Bunker demand is noted below average so far.
Morning Commentary
NYMEX crude closed bearish by USD 1.83/BBL last night. ACCESS is showing moderate recovery this morning.
Both Fueloil and Gasoil paper opened nominally weak by USD 6.00-6.50/MT and USD 1.20-1.25/BBL respectively. Our Bunker indication was revised lower meantime. |
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