Today's inventory report was not as bullish as expected but demand for gasoline was at a record level and permitted crude to regain half of yesterday's losses.
Crude stockpiles fell by 1.5 million barrels which was only about half the expected draw.
Refinery runs are still strong and operating at optimal levels as demand continues to pull crude figures lower.
Bunker prices were back to firming in the primary ports.
WTI Sept $49.59/BBL UP $0.43/BBL
Brent Sept $52.36/BBL UP $0.58/BBL
George Belekos, Marine Fuel and Lubricant Trader, KPI Bridge Oil