crude and fuel oil markets update 16th September, 2025 – petrobazaar.com, Hyderabad, India.
Brent oil Nov futures prices went up $1 or 1.5 pct to $68.47 a barrel while WTI oil futures prices for Oct delivery edged up $1.23 or 2 pct to $64.53 a barrel on Tuesday at the time of reporting. Both the benchmarks closed up yesterday. Supply side fundamentals keep supporting oil as the investors continue to assess the prospectus of supply disruption of Russian oil due to Ukraine drone attacks over Russian oil facilities. Markets watching Federal bank interest rate review. Consensus is on interest rate cuts which may boost oil demand. U.S inventories are expected to fall during the last week as per analysts.
Fuel oil markets traded high at Singapore trading window in Asia. VLSFO spot diff recovered into prem. VLSFO cash diff pegged at a premium while cracks rebounded. On the contrary, HSFO markets moved in bearish mood over widening of 380 cSt cash discounts. Product crack hovered at a discount. Furnace oil (FO) prices remained unchanged while Light Diesel Oil ( LDO) retail selling prices reduced across India today.
