Little Change in Oil Markets on Wednesday

by Marisa McGuire, KPI Bridge Oil
Wednesday June 11, 2014

Not a lot of change in the oil markets today. WTI was up a nickel and Brent up $0.43 bbl. 

Overall the market shrugged off news that crude inventories were down more than expected because gasoline and heating oil increased much more than expected. 

Additionally the EIA report showed that demand is down significantly for products, a surprise to many. 

Bunker prices were stable in the primary ports.

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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