(Bloomberg) -- Asian benchmark fuel oil prices rose
to a record as inventories in Singapore, Asia's biggest
petroleum trading center, fell on concern about declining
imports in August from Europe and South America.
Benchmark 180-centistoke fuel oil for immediate delivery in
Singapore gained $14.25, or 3.7 percent, to $397.50 a metric ton,
according to Bloomberg data. The price of 380-centistoke fuel
oil, mainly used as marine fuel, rose $15.50, or 4.1 percent, to
$392 a ton. Dubai crude, an Asian benchmark, gained $1.96, or
2.9 percent, to $70.54 a barrel.
Read more at Bloomberg Energy News
to a record as inventories in Singapore, Asia's biggest
petroleum trading center, fell on concern about declining
imports in August from Europe and South America.
Benchmark 180-centistoke fuel oil for immediate delivery in
Singapore gained $14.25, or 3.7 percent, to $397.50 a metric ton,
according to Bloomberg data. The price of 380-centistoke fuel
oil, mainly used as marine fuel, rose $15.50, or 4.1 percent, to
$392 a ton. Dubai crude, an Asian benchmark, gained $1.96, or
2.9 percent, to $70.54 a barrel.
Read more at Bloomberg Energy News
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