Crude Benchmarks Rally Another 3%

by George Belekos, KPI Bridge Oil
Wednesday May 11, 2016

Crude benchmarks rallied another 3% today on a bullish inventory report.

The market was anticipating another build in crude but was surprised by a 3.4 million barrel draw induced by the Canadian wildfires.

There have been disruptions elsewhere around the world, most notably in Nigeria, supporting crude's most recent rally.

Bunker prices were 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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