Crude Futures Continue to Make Gains

by Mohammed Marzuq, KPI Bridge Oil
Wednesday January 27, 2016

Crude futures surged again today on the continual speculation that the Russian's and Saudi's will eventually come to terms on a production cut to equalize a highly battered market.

Also helping drive prices is expectations that distillate stocks in the U.S. have fallen by 4 million barrels as we near an upcoming cold front.

Front month contracts for March delivery have gained back nearly 20% of their losses since last week.

Bunkers were firm in the primary ports, but still favorable to the consumer.