Oil Prices Off to a Sluggish Start

by Tim Bonett, KPI Bridge Oil
Monday July 18, 2016

Oil prices got off to a sluggish start to the week as speculators evaluate the current state of the market.

Some foresee a drop in prices well below $40/bbl as supplies begin to build again.

However, the delicate geopolitical landscape could harbor a price hike with longstanding ramifications.

Stockpiles of distillates will be a key indicator for prices this week despite another expected draw in crude inventories when figures are released.

Bunker prices were softer in the primary ports.

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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