Fuel Oil Night Session Falls 4.5%; Low-Sulfur Fuel Oil Down 3.8%

The breadth of the move matters more than any single contract: fuel oil, low-sulfur fuel oil, LPG and PTA all fell together in one session, pointing to a broad repricing across the energy and petrochemical complex rather than an isolated fuel oil story. The lone gain in iron ore suggests the selling was concentrated in energy-linked barrels rather than a uniform risk-off sweep across commodities. Whether this clustering holds through the next session, or iron ore's divergence widens into a broader split between energy and bulk materials, is the open question worth watching.