Crude Soft on Wednesday

by Tim Bonett, KPI Bridge Oil
Wednesday October 12, 2016

Will there be a production cut or just a freeze or ... ? This was the confusion that led to oil prices lower today.

Russia has kept the word 'cut' out of all supportive OPEC statements calling some to question their commitment to a deal in which their participation is paramount.

Meanwhile, actions speak louder than words as OPEC boosted output last month to a record high all while clamoring for a production cut.

As expectation wane, bunker prices are softening 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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