Slight Gain for Crude on a Quiet Day in the Oil Markets

by George Belekos, KPI Bridge Oil
Tuesday December 30, 2014

A quiet day in the oil markets as both WTI and Brent were both up albeit slightly. 

We are seeing some ports starting with a “2” and the talking heads are now targeting $40 bbl oil. 

It remains to be seen where the bottom will be, but for certain prices are not expected to increase dramatically near term. 

Avails of 0.1% sulphur MGO seem to be tightening in the USA so buyers need to look for that product as far out as possible.