Night Futures Open: Crude Oil Up 4%, Fuel Up 3%, Pulp Down 1%

The outsized gains across crude and downstream products signal a coordinated energy rally rather than isolated moves, likely tied to supply-side catalysts or macro sentiment. The breadth—covering fuels, aromatics, and asphalt—suggests traders are pricing in sustained cost-push pressure along the chain. Pulp's decline stands out as a divergence, hinting at demand-specific weakness or profit-taking unrelated to energy. The key question is whether this overnight strength persists into regular trading hours, as early momentum often fades or accelerates based on inventory data or geopolitical headlines. For market participants, the interplay between crude's lead and downstream margins will be the metric to watch.