Crude Climbs on Bullish Sentiment

by Tim Bonett, KPI Bridge Oil
Tuesday April 26, 2016

Crude prices climbed today as the dollar fell and bullish sentiment rose.

As we head into the Federal Reserve meeting the dollar was weakened as interest rates are expected to remain stagnant and oil became a safe heaven for investors.

The bulls were in a frenzy expecting US oil output to fall as companies continue to slash spending on new drilling.

Some anticipate crude to reach $50/bbl before that trend changes.

Bunker prices were firm 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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