World News
Crude Benchmarks Rally Another 3%
Wednesday May 11, 2016
Crude benchmarks rallied another 3% today on a bullish inventory report.
The market was anticipating another build in crude but was surprised by a 3.4 million barrel draw induced by the Canadian wildfires.
There have been disruptions elsewhere around the world, most notably in Nigeria, supporting crude's most recent rally.
Bunker prices were firming in the primary ports.