Crude benchmark futures Recouping from 4 pct last week loss. Prospectus of talks between U.S and China over trade tariffs spilled over positive momentum across the market. China oil imports numbers buoyed up market sentiment. OPEC monthly oil report unchanged the demand numbers while indicating thin chances of supply deficit during the year 2026. Short positions may prefer to book profits during the week. IEA numbers due this week apart from weekly nos.
Fuel oil markets moving flat at Singapore window in Asia Today. VLSFO cash differentials extended discounts while HAFO prices continued to weaken. Hefty influx of onshore stocks in Singapore continued to weigh on fuel oil markets. Furnace oil and Light Diesel oil prices are set to change on 16th October. NO MAJOR CHANGES EXPECTED .
