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Asian fuel oil benchmarks fell sharply this week, with the Dubai-basis HSFO crack moving to a $2.29 discount from a $5.34 premium at the start of the week. Traders priced in higher Middle Eastern supply after Democrats won control of Congress, and UAE fuel oil exports to Singapore and Malaysia reached an eight-month high in October.
Softer residual fuel prices lower bunker and refinery feedstock costs, while the expected return of Middle Eastern crude supply weighs on the broader crude complex.
marketscreener.comReutersNov 5, 2026Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
