crude flat prices moved sideways this week, Brent closed the week near to $72.50 on Friday night. Both the benchmarks reacted very quickly to every turn in U.S-Iran talks, Finally logged in weekly loss. Supply disruptions fears prevailed in the market al-biet U.S-Iran extended nuclear talks. Timespreads graphs demonstrated weaker trend after markets structure shifted into outright contango. Weekly Inventories data mixed. U.S Crude stocks piled up, back to previously plunging stocks. Notable draws across SG, ARA Europe markets. Refined product markets rallied over expected disruptions from ME amid ongoing rift. Speculators data through the week ending 24th Feb showed that speculators were the net buyers of crude F&O.
Fuel oil markets gained this week. Both HSFO and VLSFO prices went up on overall bullish sentiment and stock draws. VLSFO -HSFO differentials widened this week. FO LDO prices may go up in India.
