By Srinivas Chowdary Sunkara // petrobazaar // 01-12-2017.
FUEL OIL PRICE TODAY
FUEL OIL PRICE TREND AND ANALYSIS
Fuel Oil prices in Singapore market are not changed from yesterday's levels. Fuel Oil 180 cST grade price was slipped by around $3 with 0.73% change during the week followed by a drop in crude price during the week. Yesterday, Fuel oil cracks firmed, albeit limited trade activity, amid falling Singapore inventories and ahead of the OPEC meeting. Singapore weekly onshore fuel oil inventories fell 1.9%, or 450,000 barrels to 23.034 million barrels in the week to Nov,29th. Onshore Singapore fuel oil have declined for four weeks straight and are now at an eight-week low.