Oil Prices Gain 3%

by George Belekos, KPI Bridge Oil
Monday September 26, 2016

It is finally here, get your popcorn ready! No, not for Hillary vs. Donald - its time for the OPEC meeting!

Oil prices gained another 3% today on the possibility that maybe something, could be, sort of agreed upon soon.

Genscape did repot that supplies at Cushing fell which added some tangible support to prices, but all eyes are on OPEC.

Bunker prices were firming in the primary ports.

WTI November $45.93/BBL UP $1.45/BBL
Brent November $47.35/BBL UP $1.46/BBL

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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