Keeping an eye on bunkers. Your weekly bunker update powered by InterContinental Bunkering
Brent crude was down 29 cents, or 0.7%, at $42.34 a barrel by 0335 GMT, while U.S. WTI crude futures fell 35 cents, or 0.9%, to $40.02 a barrel.
The market has continued to come off recent highs after the API predicted a build of 1.7 million bbls for last week. It did, however, also predict a draw in gasoline and distillate levels. But let’s keep an eye on for later this afternoon when the EIA will confirm the actual stats.
In the wider financial industry, according to Reuters, the world’s largest exchange-traded fund linked to oil has been hit with at least one class-action lawsuit after a plunge in prices led to billions of dollars in losses and allegations that investors weren’t properly warned of the risks. (source: Freight Investor)
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Pricses quoted in US$ 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