0.5% Marine Fuel Witnesses a Mixed Market Trend

Marine Fuel 0.5% market witnessed mixed sentiment on the first trading day.
Singapore Marine Fuel 0.5% swaps curve has progressively slipped deeper into contango.
The end-user Marine Fuel 0.5% bunker market remained supported.
It is due to a widening contango that led sellers to refrain from offering down to attract buying interest and hold on to oil instead.
A supply overhang coupled with lackluster demand has led the differential.
Mean of Platts Singapore Marine Fuel 0.5% assessments to dip...