oil markets

Americas Bunkers this Week’s Key Market Indicators

  • NY, Philadelphia bunkers track stronger Brent, ULSD futures.
  • Latin America bunkers on a mixed trail; Valparaiso’s prices rise.
  • USGC ports see smaller stems dominate spot landscape, pressure prices

Spot bunkers pricing showed mixed movements throughout the Americas during the week of Oct. 12-16, and markets enter this week with an eye on crucial global energy indicators amid recent volatility and fluid demand fundamentals, reports S&P Global Platts.

Market Prices in Latin America

Spot bunker...

https://mfame.guru/americas-bunkers-this-weeks-key-market-indicators/

Global Stimulus Measures Support Oil Prices Amid COVID-19

  • Global stimulus measures underpin prices even as demand struggles post-COVID-19.
  • Brent crude futures for November were unchanged at $45.81 per barrel.
  • U.S. West Texas Intermediate crude was at $43.05 a barrel, up 8 cents.
  • WTI reached $43.78 a barrel on August 26.

According to an article published in CNBC, oil prices nudged up on Monday, with Brent futures set to post a fifth straight monthly gain, as global stimulus measures underpin prices even as demand struggles to return to pre-COVID...

https://mfame.guru/global-stimulus-measures-support-oil-prices-amid-covid-19/