Crude Ends Flat After a Volatile Day

by Tim Bonett, KPI Bridge Oil
Thursday May 19, 2016

Crude was trading lower this morning on  rate hike expectations for next month but losses were pared over concerns of more supply outages in Nigeria.

The largest oil terminal in Nigeria was reported to be closed due to militant threats leaving the 300,000 barrel per day production hanging in the balance.

As the day progressed the terminal was being brought back online alleviating the spike in prices.

Bunker prices were subject to the same volatility throughout the day.

WTI June $48.16/bbl Down -$0.03
Brent July $48.81/bbl Down -$0.12

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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