Oil Benchmarks Start the Week Mixed

by Tim Bonett, KPI Bridge Oil
Monday November 13, 2017

Oil benchmarks were mixed to start the week.

The recent tensions in the Middle East have been supportive while last week's increase in US oil rigs kept prices trading in a narrow range.

The potential upside of crude does loom large given recent compliance within OPEC, a war in Yemen and the strain between Saudi Arabia and Iran.

Bunker prices were stable in the primary ports.

WTI DEC $56.76/BBL UP $0.02/BBL
Brent JAN $63.16/BBL DOWN -$0.36/BBL