U.S. base oil supply/demand fundamentals are largely unchanged from recent weeks. Overall availability is balanced-to-tight, while demand is meeting or surpassing suppliers expectations. Cross Oil plans to push up naphthenic prices by an average of 10 cents per gallon or to meet internal postings on several heavy vis grades.
Sellers say that buying interest continues to build and that February, and even to some extent March, sales are improved over January volumes. Sellers agree that overall volumes are much beefier compared to a year ago.
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