By Srinivas Chowdary Sunkara // petrobazaar // 23rd Nov, 2018.
Fuel oil prices are edged down during the week. Both 180 cSt and 380 cSt graded fuel oil prices are slipped by $26.5 with 5.25 pct slump in Singapore market during the week. Lower fuel oil out put from UAE, North west Europe and a dip in fuel oil exports from Iran on US sanctions supported fuel oil prices last week. Further downside risk is limited due to tighter supply outlook in Dec. Turing to crude, Markets were in bearish mood through out the week as the financial markets plummeted on growth worries across the market. In India, Local Fuel oil prices slided in the second half of the month expected to fall further.
Disclaimer: Views and opinions expressed here are for information purposes only and not an offer or a solicitation to sell or buy any physical commodities or financial instruments. The views and analysis are based on reliable public information available at the time of writing. This report and its content cannot be copied, redistributed or reproduced in part or whole without the prior written permission of petrobazaar.com