Crude Down for 4th Day

by Tim Bonett, KPI Bridge Oil
Thursday September 1, 2016

The glut of oil has overtaken any OPEC optimism and oil has seen its steepest week of retreat since January.

Prices continued to reel from yesterday's inventory report and the market easily shrugged off any talks of an OPEC freeze.

Some are speculating that there is more correction to come before talks take place.

Bunker prices were soft in the primary ports.

WTI October $43.16/BBL DOWN -$1.54/BBL
Brent November $45.52/BBL DOWN -$1.52/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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