Crude Oil Reverses From Gains to Decline Overnight; China Fuel Oil Market Eyes Stability on July 10

FUEL-0.55%
According to Jin10 Futures, on July 10, crude oil prices reversed from gains to decline overnight, with fuel oil market trading activity remaining cautious as downstream demand confidence weakened. Part of fuel oil products faced oversupply conditions, with refineries under pressure on shipments. The market is expected to maintain stable pricing today, though individual participants may lower prices to boost sales.
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