Crude Prices Make Gains Monday

by Tim Bonett, KPI Bridge Oil
Monday September 12, 2016

There is a sense that US interest rates will be left untouched yet again which supported crude prices today after Friday's freefall.

A rise in interest rates will boost the greenback and consequentially pressure oil prices but this event does not seem to be imminent.

Another draw is expected at Cushing when inventory reports are released later this week as refineries and oil shipments get back online.

Bunker prices were somewhat firm 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.

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