Singapore bunker prices slipped further on Thursday amid sliding crude futures and its differentials to fuel oil cargo values stayed steady. Prices for the 380-centistoke (cst) were pegged at $362-364 a tonne, down $4.00 from the last session, with the differentials to cargo values narrowing 15 cents to $1.55.
"The market is all over the place today as crude is rising and falling in excess of $1 within a short space of time. We are cautious bunkers may rebound, but we still feel they will go lower," a broker said.