Night futures open: fuel oil falls over 2%, nickel rises over 1%

The split between energy-linked contracts and metals at the open points to a market pricing two different stories rather than one broad risk move. Fuel oil and its low-sulfur grade leading the declines, alongside LPG and plastics, suggests the weakness is concentrated in the energy and petrochemical chain, while nickel and stainless steel holding up implies industrial metals are not yet following that lead. Whether that divergence persists through the session, or energy softness spreads into the metals complex, is the open question worth watching.