Oil Prices Retreat

by Mohammed Marzuq, KPI Bridge Oil
Monday January 25, 2016

Today oil prices retreated back towards the $30.00 per barrel mark after the focus shifted back on the oversupply fundamentals.

In the last two trading sessions both ICE and NYMEX crude contracts surged 10% on an over reaction of winter storm Jonas and short covering in the market.

Both benchmarks fell 5% today after Iraqi data showed record output last month.

Bunkers were soft today 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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