Bullish Sentiment in the Oil Markets Retreats During Early Trading

by George Belekos, KPI Bridge Oil
Tuesday March 22, 2016

Bullish sentiment in the oil markets retreated during the early trading hours in the US as Libya allied with Iran and denied joining the OPEC agreement in freezing output.

US crude moved lower from year's highs and ended up flat after the terrorists attacks in Brussels.

Investors will be looking for tomorrow's EIA report and expectations are for addition of 3 million barrels for the past week, another record high in US domestic crude inventories.

Bunker prices were steady today in the main 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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