By Srinivas Chowdary Sunkara // petrobazaar // 18th August, 2017.
Fuel oil prices seems to be strong around all major ports. Both the crude futures recorded a major price drop during the week. Brent tested the $50 level yesterday, but failed to break below, indicating that the support level is really strong. Latest inventory report showed a major drop in U.S inventory. prices continued to fall due to high production numbers recorded.