Crude Prices Come Back Down to Earth

by George Belekos, KPI Bridge Oil
Thursday April 7, 2016

After spiking yesterday on the inventory report crude prices came back down to earth today.

A bit of reality may have set in as the market remains oversupplied and there are still record builds forming in certain product categories.

Weaker equities and a soft dollar may have saved crude from falling even further throughout the day.

Bunker prices were softer 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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