Oil Prices Creep Up

by Tim Bonett, KPI Bridge Oil
Thursday December 22, 2016

Oil prices slowly crept up today on positive sentiment and a slowdown in the dollar rally.

Data showed the US economy grew faster than expected in the third quarter and US made capital goods beat expectations for November.

The greenback traded flat today as investors took profits from this week's 14 year peak.

Bunker prices were stable to firm in the primary ports.

WTI February $52.95/BBL UP $0.46/BBL
Brent February $55.05/BBL UP $0.59/BBL

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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