Oil Prices Creep Up Higher

Tuesday October 18, 2016

Oil prices crept up higher today after receding over the last two sessions.

WTI finished above the psychological $50/bbl line but all eyes will be on tomorrow inventory report.

Expectation are for a another draw but judging by today's movement the market is taking a wait and see approach.

Bunker prices were stable to firm in the primary ports.

WTI November $50.29/BBL UP $0.35/BBL
Brent December $51.68/BBL UP $0.16/BBL