Crude futures are Moving flat on Monday at the time of reporting. Both the benchmarks logged in monthly loss in Oct. OPEC+ group sent a positive msg to the market. The group agreed to raise output by a small 137000 bpd in Dec and to pause increases in the FQ of next year. Portfolio managers increased net length in Brent F&O.
Fuel oil markets continued to move down at Singapore trading window in Asia. Furnace oil and LDO prices are decreased in India.
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