Brent settled at $98.73 (-1.20%) and WTI at $95.41 (-1.87%), yet bitumen at CNY 5,432/t (+1.53%) and fuel oil at CNY 4,297/t (+0.89%) held firm. The downstream crack spread decoupled from crude. Transshipment to-coast margin is re-rated on delivered cost; the short-haul ESPO window stays open.