Brent crude closed at $113.50/bbl, up 2.44%—its largest single-day gain in three weeks; importers face higher landed costs amid sustained Middle East risk premium.

Brent crude closed at $114.19/bbl, up 3.06%—its largest one-day gain in three weeks; importers face elevated landed cost; monitor Middle East risk premium persistence.

USD/CNY settled at 6.6558 (-0.06%) on Oct 31; EUR/CNY fell 0.18%. Stable or rising RMB prices for fuel oil and bitumen, combined with FX gains, eased import cost pressures marginally.

On Oct 30, fuel oil front-month contract settled at ¥5,362/t, down 2.06%—the steepest daily decline among energy commodities—easing near-term import cost pressure and prompting modest uptick in spot inquiries in East China.

Brent crude fell 1.17% to $109.45/bbl—the steepest one-day drop in three weeks; WTI slid 1.75% to $99.97/bbl. Importers gain modest pricing leverage amid easing cost pressure.

Brent crude rose 3.17% to $112.10/bbl—the largest single-day gain in three weeks—raising near-term import cost pressure; buyers advised to secure vessel slots and hedge FX exposure promptly.

Brent crude settled at $116.46/bbl, up $3.28 (+2.91%)—its largest one-day gain in three weeks; import procurement costs rose notably, urging acceleration of near-term orders.

Brent crude rose 3.25% to $112.36/bbl—the strongest daily gain in three weeks—signaling elevated import cost pressure for buyers; monitor Middle East geopolitical premium sustainability.

Brent crude stands at USD 110.122/bbl and USD/CNY at 6.6781, lifting landed base oil cost; the N350–fuel oil futures spread has widened to a recent high. Refinery outages have intensified import substitution pressure.