Crude Flat prices opened up on Tuesday Morning during Asian hours, Extending last session’s gains. Benchmarks closed up at 7 – week high last night. Escalation of geo-political tensions in West Asia pushed oil prices up. Supply fundamentals keep weigh on oil prices on expected rising supplies from Caracus. While on the Technicals side, Market positioning data roughly flat on the week across six largest crude contracts while on the low end of the longer term range, now actually at the higher end of where we are trended over the trailing quarter. Turning to data, Weekly nos are due while OPEC OMR due on 14th Jan.

Bunker spot prices chopping sideways on the first day of the week in Asia at SG trading window. The prompt HSFO prices remained unchanged while VLSFO prices ticked up. HSFO market sold off for some derivative contracts on Friday after recent gains in a volatile week. Bullish sentiment likely to emerge as markets expect a potentially tigher HSFO in Asia due to more Venezuelan oil reshuffling to the U.S Gulf Coast and less to China. Consensus is on plentiful of oil across the continent. FO LDO prices are set to revise on 16th Jan, 2026, Predicted upside momentum.