Bunker market shifts focus to supply concerns – Will this last?
Crude prices are higher, especially for light/sweet fuel grades
A month ago, Brent futures were around $105/bbl and there were real concerns about inflation, much slower economic growth and downwards revisions to oil demand. Despite these bearish signals, Brent futures are almost $10/bbl higher than a month ago, at close to $115/bbl!
Source: Integr8 Fuels