FIS: Fuel Oil Daily Evening Report

Fuel oil markets strengthened today with higher prices in all cracks and spreads for Rotterdam and Singapore.

Rotterdam’s HSFO barge crack printed -­$18.35/bbl, up from a low of ­-$20.20/bbl earlier today. Singapore’s front- to second-month VLSFO spread rose by more than $3/mt from yesterday’s settlement, trading at $17.75/mt. Rotterdam’s equivalent spread saw a similar gain.

Rotterdam’s front- to second-month HSFO spread rose from a settlement at $0.00/mt yesterday to $3/mt today.