Asian Fuel Oil Benchmarks Slump on Iran De-Escalation Hopes
Asian fuel oil benchmark prices fell sharply this week as traders priced in higher Middle Eastern crude and fuel supplies. The report also cited reduced concerns about further escalation of the US-Israeli war with Iran.
By Jeslyn LerhAsian fuel oil benchmark prices fell sharply this week as traders priced in higher Middle Eastern crude and fuel supplies, while Democrats' capture of the US Congress eased concerns about further escalation of the US-Israeli war with Iran.Softer residual fuel prices would ease the cos…