FIS: Fuel Oil Daily Evening Report

The front-month east-west HSFO spread climbed by a dramatic $8.50/mt earlier in today’s trading session, before coming off slightly later in the day to close at $14.00/mt.

Higher crude values saw Rotterdam’s front-month HSFO barge crack to weaken by almost $1/bbl from yesterday’s settlement, to close at -$27.35/bbl today.

After some steady trading in the low sulphur spreads yesterday, Singapore’s front-month to second-month VLSFO spread climbed $1.50/mt higher, to settle at $15.00/mt.