Crude Markets Start the Week Mixed

by Tim Bonett, KPI Bridge Oil
Monday August 25, 2014

Crude markets started the week off mixed, looking for a direction.

Some of it was found in Libya where Islamist-allied militias are fighting for control of Tripoli, raising concerns over whether the recent increase in crude production there will continue.

Closer to home WTI continued it's descent as the market remains well supplied heading into refinery maintenance season.

Recent US macroeconomic factors have not supported an increase in oil demand in the near term and there are no signs of a shortage coming.

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