Crude Prices Mostly Flat

by Tim Bonett, KPI Bridge Oil
Thursday October 13, 2016

The market was reprieved from OPEC today and turned the attention towards the inventory report.

It was a rocky road as prices slid early with crude stockpiles swelling but turned later on the drawdown in distillates that beat expectations.

Some of the key figures are in line with seasonal activity but the heavy draw in distillates will be a trend traders will keep an eye on.

Bunker prices were somewhat stable in the primary ports.

WTI November $50.44/BBL UP $0.26/BBL
Brent December $52.03/BBL UP $0.22/BBL