Crude Prices Continue to Rise

by Tim Bonett, KPI Bridge Oil
Thursday February 9, 2017

Crude prices rode the tailwinds of yesterday's inventory report throughout the day.

The drop is gasoline stockpiles has given the appearance that demand is stronger than previously expected.

The build in crude stocks has not been viewed as bearish when the rest of the world is cutting supplies.

As long as the OPEC compliance rate maintains above the 80% level the market will remain supported. 

Bunker prices were firmer in the primary ports.

WTI March $53.00/BBL UP $0.66/BBL
Brent April $55.63/BBL UP $0.50/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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