Fuel Oil Today
Today Fuel oil market is strengthened for the second day after a fall for two straight days. Fuel oil 180 Cst prices are up by $2 or 0.5% as on today from yesterday's price resulting into net decrease of $3 during the week. Yesterday, A lack of buying interest for physical cargoes of high-sulphur fuel oil weighed on cash differentials of Asia's 180 cST and 380 cST fuel oil grades. Some industry participants said buyers of fuel oil cargoes might be holding back in anticipation of falling prices following the OPEC/non-OPEC meeting on Nov.30. Fujairah fuel oil inventories rose 13% or 1.267 million barrels in the week ended Nov.27.