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Macro

Fuel oil falls 4.1% in night session; LPG down 2.9%

Fuel oil futures closed down 4.1% in the night session, leading declines across the energy and petrochemical complex. Low-sulfur fuel oil dropped 3.1%, LPG fell 2.9%, PTA lost 1.4% and iron ore slipped 0.3%.

Original source

AI take

The breadth of the move matters more than any single contract: fuel oil, LPG and PTA falling together points to a session-wide repricing across energy and petrochemicals rather than an isolated story in one grade. The split between the headline fuel oil drop and the smaller low-sulfur decline suggests the pressure was concentrated in the higher-sulfur end of the barrel, a distinction worth tracking given the two grades often trade on different demand drivers. Whether this is a one-session risk-off move or the start of a broader complex-wide trend is the open question.

Generated by AI for reference only.

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