European fuel oil, bunker fuel prices hit multi-year highs on firming crude oil inventories

European fuel oil, bunker fuel prices hit multi-year highs on firming crude oil inventories
The 3.5% FOB Rotterdam barge market and Rotterdam 380 CST delivered bunker fuel has hit 3-1/2 year highs in the wake of rising ICE Brent futures. Related article: Crude oil futures to fresh 40-month high on stock draw, bullish Saudi Arabia “Cracks are weaker with the flat price up,” one trader said. S&P Global Platts ... read more
Source: Shipping NewsPublished on 2018-04-20
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