By Srinivas Chowdary Sunkara // petrobazaar // 8-2-18.
FUEL OIL PRICE TODAY
FUEL OIL MARKETS UPDATE
Fuel oil price in Singapore market slid for forth straight day in a row. Both the 180 cSt and 380 cSt grade fuel oil cargoes fell more than 5.76% and 6.35% during last 5 sessions. Cash premiums for 380 cSt fuel oil cargoes fell to a more than two-week low as suppliers accepted lower premiums for cargoes of the fuel amid limited buying interest for the fuel.
Brent crude oil futures for the front month slipped by around 3.66% since the beginning of the week on strong dollar and negative stock numbers. Increased U.S production concerned the market.