Crude Prices Continue to Edge Up

by Tim Bonett, KPI Bridge Oil
Wednesday September 7, 2016

Crude benchmarks continued to rally today as speculators are hopeful to see refineries easing off the pedal and relieving stockpiles of a massive surplus.

The market is expecting a draw on gasolines inventories when figures are released tomorrow though a build in crude stockpiles is also anticipated.

Any OPEC chatter will of course have an impact of prices.

Bunker prices were firmer in the primary ports.

WTI October $45.50/BBL UP $0.67/BBL
Brent November $47.98/BBL UP $0.72/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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