Brent oil futures for Dec delivery lost $2.72 to $62.73 a barrel while WTI Nov futures logged in $3.18 a barrel on Friday. Both the benchmarks flat prices walloped from multiple sides during the week. Israel-Hamas ceasefire, disappointing moves from OPEC+ and fresh tariff threats from US against China are the fundamental factors that weighed on speculators to become increasingly bearish over oil prices.
Fuel oil markets moved rangebound this week. VLSFO differentials slipped into a steeper discount while HSFO recovered back into a premium. Fuel oil markets are getting pressured by hefty inflows that kept inventory levels high at Singapore. FO LDO prices are set to revise on 16th Oct 2025 in India.
