Crude Prices Recover Tuesday

by Tim Bonett, KPI Bridge Oil
Tuesday September 5, 2017

Oil benchmarks recovered to near levels prior to Hurricane Harvey today.

Although around 15% of US refining capacity remains offline it is positive news that refineries outside of the harder hit areas and key supply pipelines have been able to get back up and running again so soon.

It may take some time for the full effects of the storm to be digested into the market with the first true indicator coming in this week’s EIA report.

Bunker prices were firmer in the primary ports.

WTI Oct $48.66/BBL UP $1.37/BBL
Brent Nov $53.38/BBL UP $1.04/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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