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Mechanism: Fuel oil drive is also unclear Futures prices are mainly following crude oil

 Last Update: 2023-02-01
 Source: Internet
 Author: User

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Fuel futures prices rebounded with crude oil, but the strength of the RMB made the operation of bonded fuel oil weak
.
Overnight overseas diesel cracking price spread rebounded, the US market led the rise, continuing the high level of the shock trend, the current overseas refined oil crack price spread trend weakened, low sulfur fuel oil crack price spread is expected to continue to fluctuate
.

With the rebound in the cracking spread of high-sulfur fuel oil, the current driving is also unclear in the context of overseas refinery supply and relatively stable Russian refined oil exports, and the futures price is mainly following crude oil, waiting for further guidance
from the implementation of the Russian refined oil embargo in the medium term.

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