Night Trading: Bitumen, Low-Sulfur Fuel Oil Gain ~2.6%

The synchronized gains across bitumen, fuel oil, and iron ore point to a broad risk-on bid in the commodity complex rather than asset-specific fundamentals. For energy-linked products, this suggests demand expectations or macro sentiment are driving the move, which could be tested if the rally lacks follow-through or diverges from underlying physical markets. The key question is whether this strength is sustained across sessions or fades as a one-off overnight adjustment, particularly given the modest iron ore move that may signal a less uniform upward push.