Crude Prices Struggle to Move in Either Direction

by Tim Bonett, KPI Bridge Oil
Monday December 19, 2016

Crude prices struggled to move in either direction today as there was little momentum behind any headlines.

The market is waiting to see whether the trend of increasing US oil rigs will result in enough production to offset the OPEC cuts.

The compliance rate to the cuts remains the major unknown in the equation to balance global supplies.

Bunker prices were mostly stable 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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