Another Day of Limited Market Movements for Oil

by George Belekos, KPI Bridge Oil
Tuesday March 7, 2017

It was another day of limited market movement in crude benchmarks.

Prices have been struggling to gain steam in either direction since the middle of February.

Comments from Saudi Arabia's oil minister in Houston gave mixed feelings on the direction that OPEC is headed in and inventories are expected to show a 9th week of builds tomorrow.

Bunker prices were stable in the primary ports.

WTI April $53.14/BBL DOWN -$0.06/BBL
Brent May $55.92/BBL DOWN -$0.09/BBL