Low-sulfur fuel oil falls 5.4% in night session; fuel oil down 4.8%, iron ore up 0.7%

The size of the fuel oil move, rather than its direction, is the story: a single-session drop of this magnitude points to a sharp repricing of the marine fuel complex rather than routine noise, and it lands squarely on shipping and bunkering exposures. Iron ore's modest gain alongside it suggests the selling is specific to energy, not a broad commodities risk-off. Whether the fuel oil weakness extends into the next session, or reads as a one-off flush, is the open question worth watching.