FIS: Fuel Oil Daily Evening Report 9 Nov 2023

After some choppy trading, Singapore’s VLSFO crack is trading flat on the day as we approach UK market close, last printing $13.75/bbl.

Singapore 10ppm gasoil spreads were sold off all day, down by up to $0.30/mt from the previous settlement in some of the prompt contracts.

Rotterdam’s HSFO crack found strength today, even with a rallying crude price. Its front-month crack traded last at -­$13.70/bbl, which was $1.35/bbl stronger on the day.