EIA Report Lifts Crude Prices

by Tim Bonett, KPI Bridge Oil
Wednesday July 20, 2016

Crude oil prices were lifted today on the heels of the EIA report which produced a slightly higher draw than was expected.

However, the market is taking caution to today's climb as there is not much fundamental support behind any sort of rally.

Distillates continue to build while refineries have not shown any signs of slowing down.

Bunker prices were firm to stable 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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