Low-sulfur fuel oil rises ~2.3% in night session; fuel oil up ~2.1%

The split between the two fuel oil grades and the softer industrial contracts in the same session points to a move specific to the fuel oil complex rather than a broad commodity risk-on bid. For RWA and tokenized-commodity watchers, that distinction matters: fuel oil is a marine and refining-margin story, while caustic soda and iron ore track industrial demand, and the two are diverging here. Whether the fuel oil strength holds beyond a single night session, or fades as it has on similar one-day moves, is the open question.