Crude Benchmarks Climb Higher

by Tim Bonett, KPI Bridge Oil
Monday April 11, 2016

Crude benchmarks climbed higher to start the week as some indicators shed light on a possible demand boom on the horizon.

While US crude inventories and drilling activities are down, refineries are running at a very strong pace and China's crude imports are at record highs.

Just before the close US government data revealed that next month's domestic shale oil production should be down, further supporting today's market direction.

The market will keep an eye on the meeting in Doha set for the end of the week with speculation surrounding the outcome mounting.

Bunker prices were firming in the primary ports.