Fuel oil price up today in singapore market. VLSFO prices up $16 to $631/mt. HSFO traded up $5 to $448/mt today as per report.
Fuel oil Singapore 0.5% VLSFO prices eased on Monday after a thin rally. The cash premiums for VLSFO fell to $6.7 per Mt. 380 cSt HSFO cash premium held steady at $4.25 per mt on the backdrop of thin trading yesterday.
crude markets are expected to be in the range bound in the short term on a cautious approach by traders. Supply side fundamentals are visible. Furnace oil prices are expected to rise for the first half of Feb.