Oil Prices Continue to Fall

by Tim Bonett, KPI Bridge Oil
Wednesday October 15, 2014

WTI continued its plunge to start the day but found resistance at the $80/bbl mark.

Some fear that once this physiological barrier is breached we could see another hard tumble in the oil market.

Brent on the other hand no reason to halt its plummet.

OPEC is showing no signs of easing the oil glut betting that U.S. production will be curbed first.

After a long weekend inventory figures are due out tomorrow, a day late - but much of the same is expected.

Don't be surprised if figures buck the trend to give oil a little reprieve from the gloomy outlook.

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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