Crude Up After Early Loses

by Tim Bonett, KPI Bridge Oil
Wednesday November 9, 2016

Most of America was asleep in the early morning hours when it became clear Donald Trump was the new President-elect.

The impending news followed by a confirmation of the upset sent futures tumbling and crude was down as much as 4% in the early session.

However, as the day wore on uncertainty grew into confidence and the equities market soared.

Crude followed suit and was able to shrug off a somewhat bearish inventory report to finish the day in positive territory.

Bunker prices were soft to start but firmed throughout the day.

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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