Singapore jet eases to flat from backwardation on prompt weakness

Platts, 21 Mar 2011A fall in prompt strength in the Singapore jet market has brought the short period of sharp backwardation seen after the March 11 earthquake and tsunami in Japan to an end, trading sources said Monday."We spiked on a potential shortage out of Japan and now the situation seems to be stabilizing at the refineries a little," one trader said."The structure has [eased to flat] for