FIS: Fuel Oil Daily Evening Report

Singapore’s VLSFO spreads were sold aggressively today - the last trading day of this month. The port’s June-July VLSFO spread narrowed to a daily low of $7.50/mt before widening again to $7.75/mt as we approached the UK close.

Rotterdam’s HSFO barge crack has gained by $0.90/bbl today, to print -$10.70/bbl.