last updated on : 28/10/2008 5:57:08 PM

ITEM	OUTRIGHT
	PERIOD	PRICE
CFR FAR EAST	1H DEC 2H DEC 1H JAN 2H JAN 1H FEB	330.00 (N) / 332.00 (N) 345.00 (N) / 347.00 (N) 360.00 (N) / 362.00 (N) 374.00 (N) / 376.00 (N) 387.00 (N) / 389.00 (N)
CIF NWE	NOV DEC JAN	390.00 / 392.00 407.00 / 409.00 423.00 / 425.00
FOB SPR	NOV DEC JAN	36.20 (N) / 86.30 (N) 39.50 (N) / 39.60 (N) 42.50 (N) / 42.60 (N)

ITEM	SPREAD
	PERIOD	PRICE
CFR FAR EAST	2H NOV/2H DEC 1H DEC/1H JAN 2H DEC/2H JAN 1H JAN/1H FEB 2H JAN/2H FEB	-32.00(N) / -27.00 (N) -32.00(N) / -27.00 (N) -30.00 (N)/ -27.00 (N) -28.00 (N)/ -25.00 (N) -25.00 (N) /-21.00 (N)
CIF NWE	NOV/DEC DEC/JAN NOV Crack	-18.00 / -15.00 -17.00 / -15.00 -18.70 /-18.40
FOB SPR	NOV/DEC DEC/JAN JAN/FEB	-3.70 (N) / -3.40 (N) -3.10 (N) / -2.90 (N) -2.20 (N) / -2.00 (N)

MARKET COMMENTS

• WTI CRUDE at DEC 63.65/ JAN 64.15 /FEB 64.30
• BRENT CRUDE at DEC 61.60/ JAN 63.24/ FEB 64.60