Crude Inventory Build Less than Half the Amount Expected

by Tim Bonett, KPI Bridge Oil
Wednesday March 16, 2016

Inventory figures proved analysts had overhyped the build in crude sending benchmarks back up towards and above the $40/bbl threshold.

True figures showed the build wasn’t even half the amount expected.

Elsewhere OPEC showed signs of being able to assemble a meeting of all members to discuss a production freeze and the Federal Reserve left rates unchanged for now.

Bunker prices were firmer 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.

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