World News
Brent WTI Spread Reaches its Narrowest Since September
Wednesday April 9, 2014
Oil prices increased today as demand for gasoline in the United States had investors crying out over supply and demand concerns.
We think they are reaching about this increase in demand as they are using a one month window of when the country has had terrible weather for the past several months. Of course it appears that demand is out pacing supply.
Overall, inventories were all over the place with crude much more than expected and gasoline down.
The Brent WTI spread reached its narrowest since September.
Needless to say bunker prices are increasing worldwide as a result. It is not unreasonable to expect this trend to continue till the Easter holiday.