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Macro

Night futures open lower; crude oil and fuel oil fall over 3%

Crude oil and fuel oil fell more than 3% at the open of the night futures session, with low-sulfur fuel oil, ethylene glycol and LPG down over 2%. Methanol, bitumen, short fiber and propylene each dropped more than 1%, while soybean No. 1 and PVC gained over 1%.

Original source

AI take

The energy complex is leading a broad night-session selloff, while the handful of gains sit in unrelated agricultural and chemical contracts — a split that points to energy-specific pressure rather than a uniform risk-off move. For crypto and RWA readers, the relevance is indirect: crude and fuel oil are the benchmarks that feed into the energy-linked token narratives, and a synchronized drop across crude, fuel oil, LPG and ethylene glycol suggests the bid that supported those stories is softening. Whether the weakness stays concentrated in energy or spreads into the rest of the board is the open question.

Generated by AI for reference only.

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