Crude Benchmarks Surge on Unexpected Inventory Figures

by Tim Bonett, KPI Bridge Oil
Wednesday April 6, 2016

Crude benchmarks surged today on unexpected inventory figures.

While the market anticipated the usual climb in stockpiles the figures released showed a draw as refineries continue to churn and imports drop.

Aiding the run on crude was a delay in restarting a key piece of the Keystone pipeline and planned maintenance being done in the oil fields of Europe.

By days end crude was up 5% with bunker prices quite 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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