Crude Prices Back Up After "Overreaction" Yesterday

by George Belekos, KPI Bridge Oil
Thursday September 15, 2016

An overreaction to yesterday's data figures led to a bounce today as oil prices settled up 2%.

Gasoline futures rallied and broader equities were charging higher bringing crude benchmarks along for the ride.

The market seems to be more comfortable with crude being above $45/bbl.

Bunker prices were firmer 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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