Bunker Market this morning 23rd March!
Brent oil prices settled steady on Tuesday after the deadly blasts in Brussels while U.S. crude futures fell, then extended losses in post-settlement trade on industry data showing bigger than expected builds in domestic inventory.
Brent erased losses and settled a little higher as equity markets reversed losses and safe-havens such as gold and government bonds pulled back from their highs.
U.S. crude, however, settled lower, then extended losses after the American Petroleum Institute (API), an industry group, said in a report after the oil's market settlement that U.S. crude stockpiles rose almost 9 million barrels last week to reach a record high of nearly 532 million.
Oil Future close last night Brent $41.79(+0.25), WTI $41.45(-0.07)
MGO $374(+3.75), NY Harbor Ulsd $385.47(+4.52)
Oil Futures are at present GMT 06.37 trading downwards aroung 40 cents for Brent and WTI.
Expect bunker market irregular. If the downward trend persist bunker prices might start edging downward later today.
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