The lowest offer for nearby shipment in April was said to be $323.97 a tonne c&f. Both offers were said to have been submitted by trading house Dreyfus.
Signals on the chart of the June contract also suggest a drop, as confiremd by the bearish divergence on the hourly RSI and an exhaustion gap forming on March 12.
Crude oil prices rose as vaccine rollouts bolstered the economic outlook and US fuel stocks fell sharply, although gains were capped by a surge in crude oil inventories after last month's Texas storm.