Crude Prices Edge Up

by Tim Bonett, KPI Bridge Oil
Tuesday November 22, 2016

Today's action saw crude benchmarks trading higher again early on but retreated from November highs on concerns that Iraq and Iran were not yet in agreement with the rest of OPEC.

It seems as though there is too much momentum behind an agreement for it to fall apart at this stage.

However, even if a deal is agreed upon, questions regarding its implementation and staying power will remain well beyond Nov. 30th.

Bunker prices were firm to start in the primary ports.