WTI Firms as US Inventories Drop

by Tim Bonett, KPI Bridge Oil
Wednesday September 21, 2016

The large drop in crude inventories today caught the market by surprise and sent benchmarks as high as 3% at one point during the trading day.

The Federal Reserve also left interest rates unchanged allowing the dollar the fall and making oil a more attractive pick.

Further momentum was gained from an oil worker strike in Norway which could impact production from Western Europe's largest crude output region.

All things considered, 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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