Brent Again Dips Below $80/bbl

by Tim Bonett, KPI Bridge Oil
Monday November 24, 2014

Crude was trading higher earlier today on news that negotiations regarding Iran's nuclear program were being extended past a Monday deadline.

However, the subsequent impact may only bolster an OPEC decision to not reduce production as hundreds of thousands of Iranian oil will continue to be absent on the global market.

By the close benchmarks had retreated as there remains no sign of an impending OPEC cut in supplies.

We can expect to see reduced volatility until the November 27th meeting.

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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