Crude Futures Continue to Rise

by George Belekos, KPI Bridge Oil
Wednesday April 20, 2016

A smaller than anticipated build in US crude inventories sent the energy complex higher during the days trading.

Bunker buyers are wondering when the plunge in pricing will come again as we are now routinely seeing the number “2” in front of IFO prices in many of the primary ports.

One KPI trader said today, “we are swimming in oil, where is the be break for buyers?”

The Russians denied claims that there would be another attempt to try to freeze output supply among OPEC nations with a meeting on their home turf.

This is the type of news that should lead to inventories swelling and bunker prices dropping, hopefully near term.

Prices were firm today 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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