Crude Prices Settle Slightly Lower

by Tim Bonett, KPI Bridge Oil
Wednesday March 1, 2017

US crude stockpiles rose for an eighth consecutive week but not as much as expected and oil prices remained little changed.

A build of 1.5 million barrels last week was reported which pared the modest gains seen this morning and had crude prices settling slightly lower.

Despite the build, cuts continue outside of the US keeping prices trading within a narrow range.

Bunker prices were again stable in the primary ports.

WTI April $53.83/BBL DOWN -$0.18/BBL
Brent May $56.36/BBL DOWN -$0.15/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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