Prices stabilize, LS-premium down

Prices stabilized in early Friday morning trade after a rally upward that lasted for almost two weeks. Crude futures settled at $107.73 (Brent) and $104.91 (WTI) yesterday, while ICE gasoil front month futures were at $909.50. Bunker prices in ARA came slightly down compared to yesterday’s levels with HSFO-380 offered just below $600/mt. The low sulphur premium came down considerably from $25-$30 last week to around $11/mt today, hence LSFO-380 offered at $610/mt.