Crude Prices Creep Up

by Tim Bonett, KPI Bridge Oil
Wednesday February 8, 2017

The market was able to shrug off a massive build in crude stockpiles as there was an unexpected draw in gasoline inventories and a better than expected distillate number.

A significant amount of downside had been built into the crude market prior to the EIA's report.

When the build wasn't as big as initially feared the market looked to products for the positive direction.

Bunker prices were firmer 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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