By Srinivas Chowdary Sunkara // petrobazaar // 22-11-2017
DAILY PRICE MOVEMENT OF FUEL OIL
DAILY PRICE OF FUEL OIL AND ANALYSIS
Today, Fuel oil prices have gone up in Singapore market. Both the grades are spiked by $2 per mt. IFO 180 CST grade prices are trading at $407 with an increase of $2 or 0.49% as today from yesterday after a correction of 0.25% . Both the WTI and Brent oil prices were edged up for the second day on the expected production cuts from OPEC and non-OPEC group. Increased number of rig machines in U.S along with the production numbers are putting cap on price.