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Not-So-High Sulphur Fuel Oil

Negative momentum is building in the M1 3.5% barge crack, although the ADX remains at 12.6, flagging a weak bearish trend....
Published: June 11, 2026
Written by:
Mita Chaturvedi

Mita Chaturvedi

Research Associate, Flux
Mita Chaturvedi
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The High Sulphur Fuel Oil complex has been marked by substantial weakness this fortnight. The Jul'26 3.5% barge crack dropped from a high of -$3/bbl on 02 Jun to -$8/bbl at the time of writing on 11 Jun. Although we initially saw trade houses adding to net length last week, these players trimmed this position vs Onyx this week....

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Written by

Mita Chaturvedi

Research Associate, Flux
Mita Chaturvedi

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