crude and fuel oil markets update 29th August, 2025 – petrobazaar.com, Hyderabad, India.
Brent oil futures for Oct delivery are trading around 1 pct down to $67.42 a barrel while WTI oil futures for Oct delivery inched down below pct to $64.11 a barrel at the time of reporting. Brent Oct futures set to expire today while most active Nov futures are trading up. Brent spread over WTI inched up during the session. Benchmarks are set to close with second straight weekly gain amid prospectus of negotiated settlement between Russia and Ukraine. Crude markets activity was seasonally low amid escalation of trade tensions between U.S and India. OPEC+ scheduled meeting next week will provide considerable boost oil prices.
Fuel oil markets recovered slightly today at Singapore trading window. VLSFO spot differentials pared slightly on Thursday, snapping four straight sessions of gains while onshore inventories climbed. HSFO discounts narrowed day on day with spot bids improving slightly. VLSFO stock piles rebounded to their highest in three weeks despite easing imports from the previous week. FO LDO retail selling prices are expected to go down on 1st Sep, 2025.
