On the other side of the long holiday weekend crude continued to retreat as supply fears overseas continue to subside.
What had been a premium in Brent as a result of the situation in Iraq is essentially gone as Libya announced preparations to export 7.5 million barrels of oil from two ports that had been closed for a years time.
This pressured both benchmarks, sending WTI to a seventh consecutive day in the red, the longest such stretch since December 2009.
Bunker buyers should take advantage of these market conditions while they still can.
