Crude Futures Continue Higher

by Mohammed Marzuq, KPI Bridge Oil
Wednesday March 2, 2016

Surprisingly crude futures ended higher today after a monster build in U.S. inventories.

Crude prices caught a bit of tail-wind on EIA information that U.S. production has scaled back to late 2014 levels.

Brent front month contracts for April delivery settled up $0.36 cents.

WTI contracts followed the same path, settling up $0.26 cents per barrel.

Crude prices have rebounded over 30% so far this quarter after reaching 12 year lows at the end of January.

Bunkers were mostly steady today in the primary ports and we urge bunker buyers to take advantage of the current prices.

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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