The EIA cut its 2018 oil production projection and the European product inventories fell today.
This was a perfect supply and demand recipe for daily bump, sending prices up 1.5%.
Analysts are expecting US crude inventories to fall by more than 3 million barrels when the EIA releases its weekly report tomorrow.
Bunker prices were somewhat firmer in the primary ports.
WTI August $45.05/BBL UP $0.65/BBL
Brent August $47.52/BBL UP $0.64/BBL
