Crude Benchmarks Continue to Climb

by Tim Bonett, KPI Bridge Oil
Thursday January 4, 2018

Crude benchmarks climbed further on Thursday as cold temperatures continue to bear down on most of the US and crude inventories fell more than expected.

Distillates surprisingly rose but were shoved to the side as heating oil remains in demand with a winter storm gripping the Eastern US.

A geopolitical premium remains in place and protests continue in Iran.

Bunker prices were firm in the primary ports.

WTI FEB $62.01/BBL UP $0.38/BBL
Brent MAR $68.07/BBL UP $0.23/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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