Crude Benchmarks Make Mixed Movements

by Tim Bonett, KPI Bridge Oil
Wednesday September 27, 2017

Crude benchmarks provided a mixed bag today as WTI and Brent went in opposite directions.

The EIA report showed unexpected declines in crude inventories signaling that refineries recovered from the recent hurricanes.

The report was in stark contradiction to expectations of significant builds, but gasoline inventories grew and kept WTI in check. 

Bunker prices were not as volatile and more or less dependent on the port of choice.

WTI Nov $52.14/BBL UP $0.26/BBL
Brent Nov $57.90/BBL DOWN -$0.54/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.

To contact the editor responsible for this story email us at editor@shipandbunker.com