TREE NEWS reports: Fuel oil futures closed the night session up about 4%, leading gains in China’s energy and industrial commodities. Low-sulfur fuel oil, coking coal and bitumen each rose more than 3%, while PTA and LPG gained at least 1.5%.
Fuel Oil Night Session Closes Up About 4%, Low-Sulfur Fuel Oil, Coking Coal, Bitumen Up Over 3%
The breadth of the move — fuel oil, low-sulfur fuel oil, coking coal, bitumen, PTA and LPG all higher in the same session — points to a broad energy and industrial commodity bid rather than a single-contract story, which is the more notable signal here. It matters most for anyone tracking input costs across shipping fuel, construction-linked bitumen and coal, since these often move on separate fundamentals. Whether the complex holds together once the night session's liquidity thins is the open question worth watching.
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