MGO jumps across Europe and the Americas; VLSFO mostly firmer; HSFO mixed

MGO moved up across most of the board today, with the largest gains in Europe and the Americas. Wilhelmshaven MGO rose $121.75 to $1,736.50, Muuga MGO rose $124.25 to $1,747.50, and Bergen MGO rose $126.75 to $1,703.75. In the Americas, Vancouver MGO rose $200 to $1,607, and Charleston MGO rose $45.50 to $1,592. VLSFO was mostly firmer: Busan VLSFO rose $88.67 to $954, and Cuxhaven VLSFO rose $55.50 to $789.25. HSFO was mixed: Panama Canal HSFO fell $66 to $596, Panama (Balboa) HSFO fell $45 to $600, and Vancouver HSFO fell $25 to $682, while Las Palmas HSFO rose $43.50 to $648 and Durban HSFO rose $44 to $877. Brent closed at $94.97/bbl and WTI at $90.51/bbl. EU carbon was at €84.02/t. The market is watching Fujairah's fuel oil inventories, drawn 29% in August, and supply risks in the grain and oilseed complex.