FIS: Fuel Oil Daily Evening Report

Brent crude values were considerably more volatile than fuel oil spreads this afternoon.

For example, Singapore’s front- to second-month VLSFO spread traded in a narrow $9.25-9.50/mt range.

We saw little movement across the board in Rotterdam, with its front- to second-month spreads pegged at $10/mt for VLSFO, and at $0/mt for HSFO, at the UK market close.

Rotterdam’s HSFO barge crack traded at $21.20/bbl 15.30 GMT.