World News
Oil Benchmarks Begin the Week Soft
Monday November 2, 2015
Monday morning oil benchmarks received support in the market as the dollar came under pressure from weak US manufacturing activity.
However, by days end the support was not strong enough to overcome supply concerns.
Russia took the headlines today as it reported that October saw its highest daily oil production since the dissolution of the Soviet Union.
Soft Chinese factory data raised concerns over China's economy also weighing on prices today.
Bunker prices were generally soft in the primary ports.