Crude Prices Fall Back

by Tim Bonett, KPI Bridge Oil
Tuesday October 11, 2016

A day that did not produce a fresh sense of optimism for an OPEC deal forced prices to settle lower.

The market seemed poised for a correction after jumping almost 3% yesterday on pure sentiment.

However, some have voiced concerns that if prices continue to climb so will go production.

The dollar also reached a level not seen in nearly 3 months putting further pressure on prices.

Bunker prices 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.

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