US Oil Inventory Makes Largest Weekly Gain Since 1982

by Tim Bonett, KPI Bridge Oil
Thursday February 19, 2015

Builds in US commercial crude oil inventories rose by "7.7 million barrels totaling over 425 million barrels, ending the largest weekly gain since they started keeping records in 1982."

This had bunker prices trading soft; for most of the morning, until prices recovered in the afternoon.

We continue to see intraday volatility in the WTI and Brent crude oil markets which leave some bunker suppliers flustered trying to get rid of barrels while they can, while others play it more conservative and wait until the initial knee jerk reaction subsides.

Bunker buyers should bring inquiries into the market in the morning hours to take advantage of this volatility.