FIS: Fuel Oil Daily Evening Report

Rotterdam’s HSFO barge crack was pegged at $21.50/bbl at 15.50 GMT, $0.01/bbl down from yesterday’s settlement.

Unusually, Singapore and Rotterdam’s VLSFO cracks strengthened and traded higher when crude was rallying, with their September contracts hitting $11/bbl and $7.25/bbl, respectively. These cracks did, however, both settle back down to $10.50/bbl and $6.60/bbl, respectively, by 15.50 GMT.