06-Feb-2009 4:10 PM
Jet fuel prices fall again, but airlines do not lose sight of bio-fuels
Analysis
Jet fuel spot prices were down across the board in the week ended 03-Feb-09, including a further -5.2% fall in New York, -4.2% at the US Gulf Coast -4.7% in Los Angeles, -1.4% in Singapore and -0.8% in Amsterdam. This compares to a 1.9% decrease in crude prices (WTI) last week, which continues the trend in the past few weeks of a compression in jet fuel spot prices to crude.
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