NewsSignals AI analysis·Reuters·Oct 29, 2026

Singapore oil product inventories edge up as clean distillate volumes trek higher

Grade Bbearish AI signal$BRENT

Singapore's onshore oil product inventories rose 0.9% to 38.49 million barrels in the week ended October 28, driven by higher clean distillate and light distillate stocks.

Bullish strength: 35/100

Middle distillate inventories rose to around 8.5 million barrels despite increasing net exports.
Residual fuel inventories declined 0.9% week on week to 18.68 million barrels.

Bearish strength: 65/100

Total onshore oil product inventories increased 0.9% to 38.49 million barrels.
Light distillate inventories climbed to a two-week high of 11.304 million barrels.
Expected increases in gasoil and diesel exports from China and South Korea could add to regional fuel supply.

This is automated NewsSignals analysis of third-party reporting, not independent original reporting or investment advice. AI scores are not price predictions.

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