Oil Prices Bounce Back After Early Slump

by Tim Bonett, KPI Bridge Oil
Wednesday April 26, 2017

Oil prices were slumping early today on the heels of a bearish API report last evening but bounced once the EIA released figures.

Crude stockpiles fell by more than twice the expected amount in stark contradiction to the API report.

However, distillates grew across the board putting cap on gains and leaving oil prices little changed by the end of the session.

Bunker prices were volatile throughout the day.

WTI June $49.62/BBL UP $0.06/BBL
Brent June $51.76/BBL DOWN -$0.34/BBL

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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