Oil Prices Ease Back on Monday

by Tim Bonett, KPI Bridge Oil
Monday August 21, 2017

It was a light day in trading news as most of the US was mesmerized by the solar eclipse that traveled coast to coast.

However oil prices fell as eyes, hopefully protected by solar shades, went skyward.

The market spent the day easing off of a 3% gain witnessed on Friday after the number of oil rigs fell last week.

Technical traders and algorithms seized an opportunity with little market news pulling oil in either direction.

Bunker prices were softer 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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