Crude Up for a Sixth Consecutive Day

by George Belekos, KPI Bridge Oil
Thursday August 18, 2016

Brent settled above $50/bbl for the first time in 6 weeks.

The dollar also hit an eight week low as the Fed showed reluctance to increase interest rates in the near future.

The oil markets moved higher for the sixth consecutive day on the hope of a production freeze agreement from OPEC.

Oil benchmarks have risen more than 20% in the month of August.

Bunker prices continue to rise in the primary ports.

WTI September $48.22/BBL UP $1.43/BBL
Brent August $50.89/BBL UP $1.04/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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