燃料油：外盘原油大跌，盘面或大幅回撤，低硫燃料油：预计开盘下跌，外盘高低硫价差延续走阔

Group 1: Report Industry Investment Rating - No information provided Group 2: Core View of the Report - The outer - disk crude oil has dropped sharply, and the fuel oil futures market may experience a significant pullback. The low - sulfur fuel oil is expected to open lower, and the spread between high - and low - sulfur fuel oils in the outer - disk market will continue to widen [1] Group 3: Summary Based on Related Catalogs 3.1 Fundamental Tracking 3.1.1 Futures Price and Trading Volume - The closing prices of FU2505, FU2506, LU2505, and LU2506 decreased by - 0.03%, - 0.54%, - 1.61%, and - 0.89% respectively. The night - session prices of FU2505, FU2506, and LU2506 decreased by - 0.12%, - 0.33%, and - 0.11% respectively, while LU2505 increased by 0.88% [1] - The trading volumes of FU2505, FU2506, and LU2506 increased by 30,772, 2,858, and 12,795 respectively, and the trading volume of LU2505 decreased by 10,645 [1] - The positions of FU2505, FU2506, and LU2505 decreased by 17,666, 728, and 2,075 respectively, and the position of LU2506 increased by 2,309 [1] 3.1.2 Spot Price - The spot prices of high - sulfur (3.5%S) and low - sulfur (0.5%S) fuel oils in various regions such as Singapore, Fujeirah, and Zhoushan all decreased. For example, the Singapore MOPS high - sulfur price decreased from 445.6 to 415.8 dollars/ton, a decrease of - 6.69%, and the low - sulfur price decreased from 513.8 to 486.8 dollars/ton, a decrease of - 5.24% [1] 3.1.3 Spread - The spread between different contracts and varieties shows changes. For example, the spread of LU05 - 06 was - 33 yuan/ton, and the spread difference compared with the settlement was 37 yuan/ton. The spread of LU05 - FU05 was 440 yuan/ton, and the spread difference compared with the settlement was 37 yuan/ton [1] 3.2 Trend Intensity - The trend intensity of fuel oil and low - sulfur fuel oil is - 2, indicating a very bearish outlook [1]