WTI and Brent Crude Pil Prices Firm

by George Belekos, KPI Bridge Oil
Thursday November 20, 2014

WTI and Brent crude oil prices firmed during the days trading on the back of strong US economic indicators.

US home resale’s, and strong factory data have pushed US equities to record highs and pushed the energy complex upward on the prospect of greater demand for refined products in the future.

There are a lot of rumors circulating around the world on whether or not OPEC will cut production going into their meeting, in just a few days.

We will not reprint some of these falsehoods, but as we continue to say….bunker buyers beware, any cut from Saudi Arabia in production could spike crude oil pricing.

We shall see soon enough.

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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