Keeping an eye on bunkers. Your weekly bunker update powered by InterContinental Bunkering.
Brent crude futures were up by 3 cents, or 0.1%, at $43.25 a barrel by 0529 GMT Wednesday, after dropping 0.4% on Tuesday.
U.S. West Texas Intermediate crude futures were down 6 cents, or 0.2%, to $40.98 a barrel, having dropped 1.4% in the previous session.
Prices were little changed so far today as the worries about the virus were outweighed by a surprise drop in US crude stocks.
The API predicted on Tuesday night that crude stocks were down by 6.8 million barrels last week to 531 million barrels.
Chronic power outages combined with low oil prices threaten Iraq’s political stability, and OPEC’s second-biggest producer must act fast to boost electricity supply or face a new crisis within the next two months.
See your weekly worldwide bunker price /indications here:
Loading…Prices quoted in US$ 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