Little Direction for Crude as Vienna Summit Nears

by Mohammed Marzuq, KPI Bridge Oil
Tuesday December 1, 2015

Crude futures found little direction today as we near the Vienna summit later this week.

The current consensus is OPEC will not cut back production to help stabilize the market into a healthy equilibrium.

A weaker U.S. Dollar and a rally in Gasoline made crude futures attractive and helped curb prices from dumping completely.

We look to tomorrow’s EIA data to give us market direction as a big build in U.S. inventories shall surely trigger a sell-off.

Bunkers were relatively flat today in the primary ports and we urge vessel owner/operators to reap the rewards and help boost their bottom line.

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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