Crude Opens the Week on a High Note

by Tim Bonett, KPI Bridge Oil
Monday June 20, 2016

Crude opened the week on a high note as optimism flooded the market that the U.K. will remain part of the European Union.

Both benchmarks were boosted 3%.

The direction of oil along with broader equities will weigh heavily on Thursday's referendum.

We may be in for a rocky trading week with fundamentals most likely taking a backseat until Brexit plays out.

Bunker prices were firm 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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