Quiet Day for Oil Prices

by George Belekos, KPI Bridge Oil
Monday March 28, 2016

A mostly quiet day for oil prices around the world as much of Europe was still on holiday and many were returning from a long weekend.

Analysts predict that there is still little room for Brent crude oil to the upside, and that the risk of the market falling back to $30/bbl is far greater than it climbing to $50/bbl.

Despite rhetoric from OPEC and Non-OPEC members to halt production, the global economy is still greatly over supplied and the gap will likely be closed to the downside when the stars are aligned for it to plumet.

Bunkers were mostly steady 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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