Crude Prices Begin the Week Flat

by Tim Bonett, KPI Bridge Oil
Monday February 12, 2018

It was a mixed bag for oil prices today. After rebounding early along with broader equities prices pulled back to settle mostly unchanged.

There were 26 oil rigs added last week as domestic production remains strong.

If demand can keep up the market should be able to regain itself.

However, if economies start to waver and demand wanes we could see a steep slide.

Bunker prices were stable 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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