Friday, July 20, 2007

Asian Fuel Oil Price in Singapore Rises to Record as European Imports Drop

(Bloomberg) -- Asian benchmark fuel oil prices rose
for a third day to a record, ending the week 6.8 percent higher,
on reduced supply from Europe.

Benchmark 180-centistoke fuel oil for immediate delivery in
Singapore gained $13, or 3.3 percent, to $410.50 a metric ton,
according to Bloomberg data. The price of 380-centistoke fuel
oil, mainly used as marine fuel, rose $12.50, or 3.2 percent, to
$404.50 a ton.


Read more at Bloomberg Energy News

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