Crude Continues Downward Trend

by Tim Bonett, KPI Bridge Oil
Wednesday June 15, 2016

Oil fundamentals and weak economic news lead benchmarks lower today.

US inventories saw a modest draw compared to some expectations and didn't give the market too much of a tail or headwind.

Meanwhile, the Fed neglected to move interest rates yet again signaling that the US economy may not be as robust as some had hoped.

Bunker prices continued to soften 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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