FIS: Fuel Oil Daily Evening Report

Despite the extreme fluctuations in crude this afternoon, fuel oil cracks traded fairly flat on the day and into UK market close.

Singapore and Rotterdam’s VLSFO cracks were very illiquid today, while Rotterdam’s HSFO barge crack traded down $0.05/bbl to -$20.10/bbl last in the market. Shanghai bought HSFO forward contracts during the arbitrage window, particularly the April and May contracts.