Crude Rebounds from Yesterday's Plunge

by Tim Bonett, KPI Bridge Oil
Thursday January 21, 2016

Today's market saw a rebound across most major indexes and not the least bit oil.

Stockpile numbers were slightly less than expected and rosy distillate figures gave crude the support it was desperately looking for after yesterday's plunge.

Traders felt reprieved after expecting much worse inventory figures and prices finished well into the green.

Bunker prices are firming in the primary ports, for now.

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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