FIS: Fuel Oil Daily Evening Report

Singapore’s VLSFO crack was last trading about $0.35/bbl weaker than its previous settlement. The crack traded as low as $6.25/bbl today, down from last night’s $7.35/bbl settlement.

Singapore’s August-September VLSFO spread was also under pressure and hit an intrasession low of $0.75/mt. The spread was last trading at around $2.25/mt, down from a $3.50/mt settlement yesterday.

Rotterdam’s HSFO crack has strengthened by $0.44/bbl to trade at ­$8.30/bbl despite an increase in Brent crude prices.