FIS: Fuel Oil Daily Evening Report

With crude falling much lower this week, Rotterdam’s front-month HSFO barge crack has strengthened dramatically, trading up from -$28.35/bbl last week to -$25.50/bbl now. Though, in an intraday perspective, the crack is down $0.35/bbl as crude had an afternoon spike.

Singapore front-month to second-month VLSFO spread climbed $1.50/mt from yesterday’s settlement, trading last at $19.75/mt.