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Geopolitical instability, the fuel oil market trading sentiment is subdued and cautious.
Geopolitical conditions are unstable, and the direction of the fuel oil news flow is unclear. Trading sentiment in the fuel oil market is subdued, with participants staying on the sidelines and awaiting developments. Industry players are cautious in buying and selling; actual market trading is limited. Refinery inventories are under pressure. It is expected that for today’s fuel oil across various products, negotiations will stabilize in part, while some prices will still see minor, narrow-range ups and downs for adjustment. (Lungu Information)