Crude Falls for Second Day

by George Belekos, KPI Bridge Oil
Wednesday August 10, 2016

Crude prices retreated today despite significant draws on gasoline and distillates.

The build on U.S. crude inventories caught far more attention as the market had been expecting a million barrel draw instead. 

Saudi Arabia added to the pressure as the country reported a record high barrel-per-day output for the month of July. 

Bunker prices were softer 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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