Oil Prices Continue to be Positive

by Tim Bonett, KPI Bridge Oil
Monday October 3, 2016

Oil prices were positive today as OPEC's momentum carried through the weekend and into Monday's trading session.

OPEC members are now urging non-members to join in on the action in an effort to truly raise prices and stabilize the market.

However, OPEC's September oil production is expected to top August's and there will be plenty of skeptics eyeing the November meeting when the proposed agreement should be detailed and imposed.

Until then, we expect continued volatility on headlines and statements.

Bunker prices ware firming 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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