Asia Fuel Oil-Upbeat spot activity; markets cautious on Dec fundamentals

Asia’s fuel oil markets continued to see a flurry of spot activity in the trading window on Friday amid higher cash premiums, though the November-December swaps backwardation reflected cautious expectations among traders. Prompt 380-cst market fundamentals could still be supported by ongoing demand from the bunker and feedstock markets amid low stockpiles in the West, …

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