Crude Futures End the Month Soft

by Tim Bonett, KPI Bridge Oil
Monday November 30, 2015

Just as Americans waistbands bulged over the holiday weekend so goes the production of oil.

The latest figures show there was no sign of a U.S. cut in oil production despite a steady drop in rig counts for the month of September.

Couple this with an anticipated higher OPEC output in November and a day that saw a stronger dollar and any bullish sentiment to start the week was quickly defused.

OPEC sees little need to trim back while there is market share to be had.

Benchmarks started the day off up but tailed off throughout the morning. Bunker prices were relatively stable 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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