Crude Down as Dollar firms

by George Belekos, KPI Bridge Oil
Thursday April 21, 2016

The floor was removed today from WTI and Brent crude oil prices as the US dollar firmed and builds were reported at Cushing, Oklahoma.

The much anticipated relief that bunker buyers were looking for came today, and hopefully will lead to more pressure on the downside going into the weekend tomorrow.

We anticipate more volatility in both directions until the members and non members of OPEC officially reach an agreement, or an agreement not to agree.

Bunkers were soft 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.

To contact the editor responsible for this story email us at editor@shipandbunker.com