Brent Edges Up on Mixed Economic Data

by George Belekos, KPI Bridge Oil
Monday September 29, 2014

A mixed bag of economic data had Brent settle up only $0.20/bbl.

Positive US economic data last week was offset this week by slower than expected Chinese industrial data.

Iran wants to cut supply output to support future crude oil prices, but Saudi Arabia seems less interested in current price trends and more interested in the right play for supply and demand fundamentals.

Bunker buyers should continue to watch geo-political events closely in Syria and Hong Kong, but near term there seems to be little impact from these events in the energy complex.

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