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Crude:

Surplus oil inventories are at the highest level in at least a decade because of increased global production, according to the Organization of Petroleum Exporting Countries.

Stockpiles in developed economies are 210 million barrels higher than their five-year average, exceeding the glut that accumulated in early 2009 after the financial crisis, the organization said in a report. Slowing non-OPEC supply and rising demand for winter fuels could "help alleviate the current overhang", enabling a recovery in prices, it said. The group's own production slipped last month because of lower output in Iraq.

Bunker Market:

The Northwest European high sulphur fuel oil market remained under pressure Thursday due to an abundance of prompt supply and muted buying interest. The prompt barge market was heavily weighed down.

Dutch time: 10.58 hrs

Fuel oil RMG 380 HS: 3.5%: USD 195-197

Marine Gas Oil DMA .89/ LS 0.1%: USD 396-399

ULS fuel oil: USD 370-375.