Crude futures are Moving flat at the time of reporting. Weak economic numbers sprinked fears over markets followed by equity markets. China factory numbers sank for 7th month while U.S manufacturing activity Contracted for an 8th straight month. Expected U.S stock draws limited the down side momentum. Weekly nos expected to spur some volatility this week.
Bunker markets moved mixed at Singapore trading window in Asia. HSFO spot differenentials slipped into steeper discounts as trades emerged for 380 cSt grade. Plentiful stocks continued to weigh on fuel oil markets. The market structure continued to held in contango. VLSFO softened after a short lived rebound.
