The market received a surprise today when the EIA reported a build in crude stockpiles.
Expectations had been for a draw as more oil rigs continue to come online in the US.
However, the blow was lessened by draws in distillates as WTI weakened 1.5%.
Volatility is expected to simmer as we head into the holiday weekend.
Bunker prices were softer in the primary ports.
WTI February $52.49/BBL DOWN -$0.81/BBL
Brent February $54.46/BBL DOWN -$0.46/BBL
