FIS: Fuel Oil Daily Evening Report

Rotterdam’s VLSFO crack fell into negative territory and touched a low -$5.60/bbl as we approached the UK close.

Singapore’s VLSFO crack declined by $3.25/bbl, to print at a low of $4/bbl.

Rotterdam’s front-month to second-month VLSFO spread narrowed by $7/mt from the previous day’s settlement, to print $2.50/mt. Similarly, Singapore's equivalent VLSFO spread narrowed by $3.50/mt.