Influence of crude oil price trend: fuel oil is a downstream product of crude oil, and the trend of crude oil price is an important factor affecting the supply and demand of fuel oil, so there is a strong correlation between the price trend of fuel oil and crude oil.
The influence of relevant markets: the influence of exchange rate. International fuel oil transactions are generally priced in US dollars, but at present, several major currencies in the world implement floating exchange rate system, and the international fuel oil price priced in US dollars will inevitably be affected by the exchange rate.