Home
» News
|
 |
Singapore Market Commentary (with evening update)
Liow Liak Hong, Wired Bunkering Pte. Ltd.
30 Jul 2010 06:52 GMT
|
|
|  Evening Price Update
Fueloil cargo surged by almost USD3.00/MT, while Gasoil cargo went up by about USD0.65/BBL. No deal was reported being traded. WTI Crude is showing weak still since this morning. Delivered prices were heard going as low as last trading day. Meantime, our bunker indication is revised upward for all grades, amid average demand.
Morning Commentary
NYMEX Crude price closed firm last night to settle at USD78.36 a barrel, thus pushing up the Papers market here in Singapore today.
Fueloil paper opened higher by USD6.50/MT while Gasoil paper was talked with an incremental of USD1.15/BBL. This could again stimulate delivered prices to sell more expensively later in the day. However, WTI Access trading is showing some weakness this morning. Meantime, our bunker indication is revised upwards for all grades. |
| |
