Oil Prices Firm on Monday

by Tim Bonett, KPI Bridge Oil
Monday June 12, 2017

Perhaps an exaggerated reaction to last week's inventory data has pulled prices up over the past 2 trading sessions.

US oil rigs continued to increase last week and oil prices traded higher despite it.

Expectations are for inventories to get back on the downward trajectory this week which also gives the bulls some home.

Bunker prices were stable to firm in the primary ports.

WTI August $46.08/BBL UP $0.25/BBL
Brent July $48.29/BBL UP $0.14/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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