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Bunkerworld Index: Prices rise amid firming crude, pockets of tightness for bunkers 31st December 2020 11:40 GMT The S&P Global Platts Bunkerworld Index continued to rise amid continuing optimism in the wider oil complex and mixed market dynamics in bunker markets. The BW0.5%S Index ended Dec. 30 at $418/mt, up $4/mt day on day, up $12/mt month on the week and $37/mt higher than 30 days previously. The BW380 Index, which represents value for 3.5% sulfur fuel oil, rose $2/mt on the day to $333.50/mt, increasing $7.50/mt on the week and $18.50/mt on the month. In crude markets, US commercial crude oil inventories declined 6.06 million barrels to 493.47 million barrels during the week ended Dec. 25, US Energy Information Administration data showed Dec. 30. The draw comes as exports surged nearly 17% on the week to a 3.63 million b/d, the highest since the week ended March 20.

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