Oil Prices Continue to Climb

by Tim Bonett, KPI Bridge Oil
Wednesday October 5, 2016

Up, up and away we go! Oil prices continued to climb today as US crude inventories surprisingly dropped for a fifth straight week.

The market had been expecting a build of 2.6 million barrels but instead saw a draw of 3 million.

Given this time of year, when the summer driving season has ended and refineries are conducting maintenance, it is quite notable that supplies have continued to draw.

Bunkers prices were firming 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.

To contact the editor responsible for this story email us at editor@shipandbunker.com