Oil Benchmarks Begin the Week Soft

by Mohammed Marzuq, KPI Bridge Oil
Monday November 2, 2015

Monday morning oil benchmarks received support in the market as the dollar came under pressure from weak US manufacturing activity.

However, by days end the support was not strong enough to overcome supply concerns.

Russia took the headlines today as it reported that October saw its highest daily oil production since the dissolution of the Soviet Union.

Soft Chinese factory data raised concerns over China's economy also weighing on prices today.

Bunker prices were generally soft 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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