Crude Bullish on Anticipation of Brexit "Remain" Outcome

by Tim Bonett, KPI Bridge Oil
Thursday June 23, 2016

Today's price movement reflects market anticipation that Britain will remain in the European Union come announcement time tomorrow.

If so, along with the Fed dragging their feet on interest rates, crude may be destined for newer heights in the near term. 

Benchmarks also received late support from supply disruptions in Nigeria which continues to bouy prices. 

Bunker prices were firming in the primary ports.