The festive season made for a fairly stagnant week in the global bunker market. Prices moved marginally upwards during the holiday period, as demand from bunker buyers in Europe and North America tailed off during the final days of 2010. At the same time, crude futures prices were relatively stable, WTI crude closed at $91.38/barrel at the year's end. If continued speculation about crude prices reaching $100 barrel is borne out by the reality of 2011, this could make for a bullish product and bunker market.
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