Oil Prices Fall as Improvements in the US Dollar Continue

by George Belekos, KPI Bridge Oil
Thursday October 30, 2014

Both oversupply in the oil market and improvements in the US dollar continue to keep oil prices moving down. 

Inventories were mostly neutral yesterday as crude increased and products inventories decreased. 

Alleged improvements in the economy has the Federal Reserve ending stimulus in the United States and this is causing dollar dominated commodities to lose value. 

Additionally, with the end to easy money policies investors have a lower appetite for risk and are looking for other investment vehicles for their money. 

Bunker prices were mostly soft in the primary ports and it is not unreasonable to expect them to stay that way for the near term.

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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