World News
Crude Bearish Ahead of Brexit Referendum
Wednesday June 22, 2016
Crude received bearish news today when the EIA reported a smaller than expected draw on inventories.
Though still a draw for a 5th straight week, it wasn't nearly the level some investors were expecting and both benchmarks fell below the $50/bbl line.
The market is now bracing for tomorrow's Brexit referendum.
Bunker prices were somewhat soft in the primary ports.