crude and fuel oil markets update 18th September, 2025 – petrobazaar.com, Hyderabad, India.
Brent oil Nov futures are trading down at $67.42 while WTI oil futures for Oct delivery fell 53 cents to trade at $63.52 a barrel today at the time of reporting. Both the benchmarks closed down last night. Fed rate cut and positive weekly inventory numbers kept the floor for oil prices while flooding of oil and lower demand amid gloomy economic outlook are the factors that keep weigh on oil complex. Investors are bullish over distillates prices as the refiners preferred to ramp up distillates production due to higher refining margins. Geo-political tensions prevailed. Specilators data and rig numbers due.
Fuel oil prices edged higher at Singapore trading window in Asia on Wednesday. VLSFO cracks remain support despite of spot premium pared gains after a rebound. The front month crack traded higher. HSFO spot discounts narrowed down while cracks largely stable . FO prices remain unchanged in India while LDO prices are reduced across the country.
