Small Gains for Crude

by Tim Bonett, KPI Bridge Oil
Tuesday September 15, 2015

Oil prices rebounded slightly today in expectation of tomorrow's EIA report.

Some indications seem to imply that the global supply market is correcting.

The EIA forecasted Monday that US shale output would drop for a 6th straight month in October and tomorrow's inventories are anticipated to follow this trend.

The market remains oversupplied but the build may be slowing down.

The picture will be painted a bit more clear with updated figures, meanwhile bunker prices were stable 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.

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