Oil Prices Continue to Make Gains

by Tim Bonett, KPI Bridge Oil
Monday February 9, 2015

Is the end of the oil rally in sight?  While we can not say for certain it sure seems as though investors and speculators are starting to grasp at straws in order to justify higher prices. 

We are hearing the same stuff, about weakness in the US dollar, rig counts lower and positive economic signs in the United States. 

Largely ignored is the actual market where inventories are increasing and demand is not. 

Supply continues to be abundant while demand is tepid. 

Bunker prices increased today in the primary ports.

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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