crude and fuel oil markets update 15th September, 2025 – petrobazaar.com, Hyderabad, India.
Brent oil future for Nov delivery rose 41 cents or 0.6 pct to $68.4 a barrel while WTI oil Oct futures are trading 57 cents or 0.9 pct up at $63.26 a barrel at the time of reporting. Supply side fundamentals lent support to oil complex. Investors are assessing the impact of Ukraine attack on Russian oil facilities. Trump tariff threatening talks keep Putin under pressure. Investors disappointed with OPEC output hikes last week that replaced the nascent shortcovering rally of the week before. Renewed Pessimism over gloomy economic outlook triggered hedgefunds to sold petroleum F&O contracts over the seven days ending on Sep 9th.
Fuel oil markets moved rangebound through out last week at Singapore trading window in Asia. Furnace oil and Light diesel oil retail selling prices are expected to go up tomorrow in India due to weak INR against $. Industrial fuel prices are set to revise in India tomorrow.
