25JUL2019 - NEWS - Asia Fuel Oil-380-cst crack widens as crude prices climb

The front-month 380-cst high-sulphur fuel oil (HSFO) barge crack widened its discount to Brent crude on Wednesday amid rising crude oil prices. The August 380-cst HSFO barge crack to Brent fell to about minus $8.85 a barrel, down from minus $8.65 a barrel in the previous session, broker sources said.The front-month crack value is now at a more than one-month low, according to Refinitiv data in Eikon. Oil prices nudged higher on rising tensions over Iran, a sharp fall in US crude stocks and positive signs on Sino-US talks, although worries about weak demand kept a cap on gains.