10 June 2020 – Your weekly bunker update powered by InterContinental Bunkering
Brent crude futures fell 67 cents, or 1.6%, to $40.51 a barrel by 0636 GMT after gaining nearly 1% on Tuesday.
WTI futures dropped 80 cents, or 2.1%, to $38.14 a barrel, having risen about 2% in the previous session.
The oil benchmarks rose to their highest in three months on Monday but some analysts think the market has risen too far, too fast as the coronavirus pandemic sweeps across the world with new infections posting daily highs.
Libya’s biggest oil field is shut after gunmen forced output to stop twice in one day, fresh proof of the challenges the conflict-ravaged North African nation faces in reviving its energy industry from a five-month halt.
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Prices quoted in US$ per mT and are purely indicative and only to be used as guidance. Prices in cursive are of a previous date. Other ports are available upon request. For last price updates and/or updates on product availability & earliest delivery dates, do not hesitate to contact us as markets are volatile. www.icbunkering.com