Fuel oil front-month contract gained 5.05% intraday to 5,573 yuan/ton; open interest rose 21,800 lots, a marked change in positions.

U.S. Energy Secretary Wright said Russia is currently unable to export diesel.

Simon-Peter Massabni at XS.com says GBP/USD may remain under pressure until the Fed rate decision and the UK budget are released on Wednesday, when the market outlook should become clearer. He says a budget that restores confidence in UK public finances, combined with a Fed that is less hawkish than expected, would improve GBP/USD’s rebound prospects; conversely, a disappointing budget together with hawkish Fed signals would prolong sterling weakness.