Monday Crude Benchmarks Make Downward Correction

by Tim Bonett, KPI Bridge Oil
Monday March 14, 2016

Crude must have picked up too much steam last week and experienced a abrupt correction today.

WTI and Brent gained 7% and 4% respectively over the duration of last week's trading but both benchmarks pared those gains almost in half after Monday's closing bell.

The market will be very sensitive to this weeks inventory data as the underlying fundamentals still do not support the recent upward trend in prices.

However bunker buyers were reprieved for at least a day and able to enjoy softer prices 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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