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Fuel Oil Price Today. 9th October, 2024.

image shows fuel oil price trends in singapore market

Srinivas Chowdary Sunkara

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Fuel Oil Price Today as on 9th October, 2024

Fuel oil benchmarks trading up on 9th day of October, 2024. Cash premiums for both VLSFO and 380 cSt high sulphur fuel oil (HSFO) elevated on Wednesday morning in Asian markets at Singapore trading hub.

VLSFO spot premiums rebounded on Tuesday after hitting 7 week lows in the previous session. The premium pegged at $7.5/mt, went up from $5/mt levels on Monday. HSFO 380 cSt Singapore cash premiums closed slightly lower at $3/25 per Mt .

Turning to other markets, Crude oil markets rally was capped by book profits after reaching highest levels in Oct. . FO prices will be increased in India while LDO prices are trended to go up in India for the second half of October, 2024.

Disclaimer: Views and opinions expressed here are personal. This commentary is for information purposes only and not an offer or a solicitation to sell or buy any physical commodities or financial instruments. The views and analysis are based on reliable public information available at the time of writing. This report and its content cannot be copied, redistributed or reproduced in part or whole without the prior written permission of petrobazaar.com

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