TREE NEWS reports: Fuel oil futures fell more than 6% at the night session open, with SC crude down nearly 5% and low-sulfur fuel oil off more than 4%. Methanol and LPG each dropped close to 4%, while polypropylene, propylene and pure benzene slid over 3%. Shanghai gold bucked the trend, gaining more than 1%.
Night futures open: fuel oil down over 6%, SC crude near 5% lower
AI take
The breadth of the energy complex selloff, from crude through refined products to petrochemicals, points to a single macro driver rather than product-specific weakness, which makes the divergence in Shanghai gold the more telling signal: capital appears to be rotating toward haven exposure while industrial demand proxies de-rate together. This matters most for fuel oil and petrochemical margins, where the moves are largest. Whether gold's bid persists if the energy rout deepens is the open question.
Generated by AI for reference only.
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