Oil Fades After Choppy Trading

by Tim Bonett, KPI Bridge Oil
Thursday July 20, 2017

Oil faded a bit by day's end but not before some choppy trading.

Prices followed the volatility experienced in broader equities as markets moved on the special counsel appointed to investigate allegations of Russian ties to President Trump's administration.

There were sure to be some profits taken as the market had been on a steady rally for some time.

Perhaps we are headed even higher, as the oil market is awaiting the outcome of the unofficial meeting in Russia Monday between key oil producing countries.

Bunker prices were somewhat 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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