FIS: Fuel Oil Daily Evening Report

The East-West HSFO spread traded in a wide $5/mt range and hit an intraday low of $3.50/mt. This comes as the Rotterdam HSFO August-September spread rallied by $3/mt, while the Singapore equivalent improved by just $1/mt.

VLSFO cracks in both Singapore and Rotterdam stabilised, after rallying earlier in the day. Singapore's VLSFO crack was last trading at $9.40/bbl and Rotterdam's crack was at $3.20/bbl.