Crude Soft on Rising US Crude Production

by Tim Bonett, KPI Bridge Oil
Thursday March 8, 2018

There is some concern over rising US crude production as there are signs of a bottleneck at Cushing.

Yesterday the EIA released record domestic production figures and today Genscape was indicating that we will see another build for inventories next week.

The dollar also gained strength putting pressure on oil and trade wars remain a gray cloud hanging over the market.

Bunker prices were softer in the primary ports.

WTI APR $60.12/BBL DOWN -$1.03/BBL
Brent MAY $63.61/BBL DOWN -$0.73/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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