Oil Benchmarks Edge Up

by Tim Bonett, KPI Bridge Oil
Tuesday February 14, 2017

Oil benchmarks seem to be caught in a game of tug of war.

An early morning rally was short-lived as the dollar gained steam on Janet Yellen's comments regarding interest rate improvements.

Prices have been trading within a $5-per barrel range since December as OPEC continues to cut while the US produces.

Analysts are expecting a mixed bag in tomorrow’s inventory report.

Bunker prices were firmer in the primary ports.

WTI March $53.20/BBL UP $0.27/BBL
Brent April $55.97/BBL UP $0.38/BBL

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.

To contact the editor responsible for this story email us at editor@shipandbunker.com