Crude Steady on mixed Energy Indicators

by George Belekos, KPI Bridge Oil
Tuesday July 1, 2014

A mixed bag of energy indicators today had many analysts speculate that the geo-political situation in Iraq while tragic, should not impact crude oil exports.

This eased fears of potential supply disruptions which softened Brent crude oil prices in morning trading.

However, positive manufacturing data from China pushed back against supply fears and created a rather flat day in the oil complex.

US equities continue to ride the wave upward, hopefully lifting the share price for some of our shipping friends.

If you have bunker requirements in the Americas, book them ASAP before suppliers retire to their barbeques and lounge chairs in preparation for the long weekend.