The market is expecting big builds in crude inventories tomorrow and that sentiment had oil prices settling 1.5% lower today.
Analysts are expecting a 3.3 million barrel increase and if this comes to fruition it will be the 7th consecutive week of builds.
Despite inventory reports, crude has remained bullish so far in 2017 and there is plenty of reason to believe the market can shrug off another big number tomorrow.
Bunker prices were softer in the primary ports.
WTI March $53.59/BBL DOWN -$0.47/BBL
Brent April $55.84/BBL DOWN -$0.82/BBL
Tim Bonett, Broker & Trader, KPI Bridge Oil