Crude benchmarks sliding as the bearish IEA numbers sang negative tunes across the market. Monthly reports signaled oversupply fears nearby future. Spot markets are not really making profits with narrowing backwardation. Tariffs news Exacerbated worries across the market. Weekly numbers are awaited.

Fuel oil markets are weakening at Singapore markets in Asia. Fuel oil spot discounts deepened on weaker market structure. Both VLSFO and HSFO prices went down amid hefty stocks. FO LDO prices are set to change on 16th of Oct. No major changes expected.