FIS: Fuel Oil Daily Evening Report

Front-month ICE Brent touched a daily high of $80.72/bbl amid optimism over China's reopening.

Rotterdam’s VLSFO crack gained by $1.65/bbl from Friday’s settlement to print -$2.40/bbl as we approached the UK close. Meanwhile, Singapore’s VLSFO crack increased by $1.30/bbl.

On the other hand, Rotterdam’s HSFO barge crack declined by $0.50/bbl from Friday’s settlement.