Crude Benchmarks Continue their Ascension

by George Belekos, KPI Bridge Oil
Monday December 5, 2016

Crude benchmarks continue their ascension as Brent and WTI have gained 19% and 16% respectively since the OPEC agreement.

Attention is now turning to a meeting this weekend between OPEC and non-OPEC members in hopes of expanding cuts beyond what is already in place.

Any dips in prices are seen as buying opportunities for the moment but there may be a sell-off looming once the glimmer of an agreement dulls.

Bunker prices were firm 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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