Crude Edges Up After Volatile Trading Day

by Tim Bonett, KPI Bridge Oil
Monday January 22, 2018

It was a volatile trading day for oil along with most markets as the US Senate came to a deal ending the government shutdown.

By the end of the session prices gained slightly helped by the fall of the US dollar.

It will be difficult for prices to surpass last week's levels without a profound change on the supply side.

However OPEC members are already talking about keeping the cuts in place beyond 2018.

Bunker prices were stable in the primary ports.

WTI FEB $63.49/BBL UP $0.12/BBL
Brent MAR $69.03/BBL UP $0.42/BBL

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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