Crude Benchmarks Soft for a Second Day

by Tim Bonett, KPI Bridge Oil
Tuesday July 19, 2016

Crude benchmarks were soft for a second straight day of trading as the global glut in oil weighs on prices.

A heavy draw on US inventories is forecasted for tomorrow, yet the bigger picture of oversupply reigns over the market.

Some positive news on China's crude imports kept prices from sliding further.

Bunker prices were somewhat softer in the primary ports.

About KPI Bridge Oil

KPI Bridge Oil is one of the world's leading international bunker broking and trading firms. With a network of offices that covers every major time zone, we have an in-depth knowledge of ports and bunker markets around the world. Our access to real-time market information and long-established credit lines with suppliers means we use our buying power in the right place and at the right time. All this ensures our customers enjoy competitive prices - and on favourable terms.

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