Base oil markets have been quiet since the ICIS World Base Oils & Lubricants Conference in London. Some offered prices appear to still be rising, but there are few reports of major deals concluding during the past week.
Crude oil prices are vacillating within a narrow range, with dated deliveries of Brent crude falling some $2 per barrel this week to post at $65.50/bbl late yesterday for May front month. West Texas Intermediate crude also declined to $62.50/bbl for April front month. ICE LS gas oil fell by approximately $25 per metric ton to $572/t, still for March front month.