FIS: Fuel Oil Daily Evening Report

VLSFO cracks came down sharply towards the end of today’s trading. Singapore’s front-month VLSFO crack tumbled from a daily high of $11.30/bbl to print $9.80/bbl as we approached the UK close.

Rotterdam’s front-month VLSFO crack declined by $1/bbl from yesterday’s settlement, to print $2.35/bbl.