Crude Benchmarks Continue to Firm

by George Belekos, KPI Bridge Oil
Wednesday October 11, 2017

It was more positive sentiment from OPEC today that led crude benchmarks higher.

Today the group forecast higher demand for oil in 2018 while anticipation for an extension of production cuts loom.

The EIA report will be released tomorrow due to the Columbus Day holiday on Monday with the market expecting draws for both crude and distillates.

Bunker prices were still firming 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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