Crude Creeps Up After a Volatile Day

by Tim Bonett, KPI Bridge Oil
Thursday June 1, 2017

Volatility owned the day as the market processed inventory figures.

Crude stockpiles came in with steeper draws than expected which sent the market on a bit of rally.

However, traders then pulled on the reigns as it was just yesterday that we were reminded of OPECs struggles to curb global production.

Despite the volatility bunker prices were mostly stable throughout the major ports.

WTI July $48.36/BBL UP $0.04/BBL
Brent July $50.63/BBL UP $0.32/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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