FIS: Fuel Oil Daily Evening Report

Rotterdam’s front-month HSFO barge crack continued to collapse in today’s session, falling almost $2/bbl from Friday’s closing price in the window. It finished the day printing -$32.25/bbl.

Front-month East-West HSFO spreads strengthened by a massive $7.50/mt to end trading at $8.50/mt.

Singapore’s front-month to second-month HSFO spread remained firm and traded in a range of only $0.25/mt today, before closing at $2.75/mt, which was flat with its previous settlement.

There was some growth in Singapore’s VLSFO spreads, mainly in its front-month contract which traded up $1.50/mt and to a high of $24.25/mt before settling down at $23.75/mt.