Wed 13 Jul 2016, 10:48 GMT

WTI vs BIX comparison in June


Analysis of WTI crude vs the BIX global bunker price during the month of June.



The BIX monthly average rose at a higher percentage rate than WTI crude in June, according to Bunker Index (BIX) and New York Mercantile Exchange (NYMEX) price data.

The WTI settlement average was up $1.9 per barrel, or 4.05 percent, to $48.85 per barrel in June. During the same period, the BIX global bunker average rose $23.20 per tonne, or 5.92 percent, to $415.24 per tonne.

Over the last 12 months - between June 2015 and June 2016 - the WTI monthly average has fallen $11.01 per barrel, or 18.39 percent, from $59.86 to $48.85 per barrel, whilst the BIX monthly global average has declined by $120.28 per tonne, or 22.46 percent, from $535.52 to $415.20 per tonne.

Please find below tables of monthly WTI crude settlement averages and BIX global bunker averages between January 2015 and June 2016.

Month WTI Average($/bbl) +/- +/-(%)
Jun 2016 48.85 +1.90 +4.05
May 2016 46.95 +5.76 +13.98
Apr 2016 41.19 +3.16 +8.31
Mar 2016 38.03 +7.36 +24.00
Feb 2016 30.67 -1.16 -3.64
Jan 2016 31.83 -5.61 -14.98
Dec 2015 37.44 -5.53 -12.90
Nov 2015 42.97 +3.37 +7.27
Oct 2015 46.34 +0.91 +2.00
Sep 2015 45.43 +2.54 +5.90
Aug 2015 42.89 -8.26 -16.15
Jul 2015 51.15 -8.71 -14.55
Jun 2015 59.86 +0.43 +0.72
May 2015 59.43 +4.74 +8.67
Apr 2015 54.69 +6.80 +14.20
Mar 2015 47.89 -2.96 -5.82
Feb 2015 50.85 +3.49 +7.36
Jan 2015 47.36 -11.95 -20.15


Month BIX Average ($/mt) +/-($) +/-(%)
Jun 2016 415.24 +23.20 +5.92
May 2016 392.04 +30.14 +8.33
Apr 2016 361.90 +9.85 +2.80
Mar 2016 352.05 +13.26 +3.91
Feb 2016 338.79 -4.04 -1.18
Jan 2016 342.83 -34.20 -9.10
Dec 2015 377.03 -42.34 -10.10
Nov 2015 419.37 -15.50 -3.56
Oct 2015 434.87 -3.03 -0.70
Sep 2015 437.90 -11.09 -2.50
Aug 2015 448.99 -49.77 -9.98
Jul 2015 498.76 -36.76 -6.86
Jun 2015 535.52 -8.48 -1.56
May 2015 544.00 +30.94 +6.03
Apr 2015 513.06 +0.31 +0.06
Mar 2015 512.75 -5.65 -1.09
Feb 2015 518.40 +23.79 +4.80
Jan 2015 494.61 -65.54 -11.70


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