Mix Movements for Crude as Speculators Anticipate Record Stockpiles

by Tim Bonett, KPI Bridge Oil
Tuesday September 22, 2015

Speculators are anticipating record stockpiles of crude and refined products when inventory figures are released tomorrow and WTI felt the brunt of this throughout the trading day.

However, the closing of two lines within the Colonial Pipeline was the saving grace to prices by settlement time as losses were pared.

In addition to the inventory figures the market it keeping a close eye on Chinese manufacturing activity as a key driver to oil demand.

Bunker prices were soft to stable 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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