Crude Moves Up from 5 Year Low

by Tim Bonett, KPI Bridge Oil
Tuesday December 9, 2014

A decline in the dollar had oil prices increasing from the recent five year lows today. 

This does not mean that oil prices are ready to rebound back to $100 per barrel, but it does mean that the sustained decline maybe coming to a halt and that we will see a much more volatile market bouncing up and down as it seeks a bottom.

Good news for bunker buyers is that IFO-380 in the primary ports is now starting with a "3". 

We are starting to see more 0.1% requests in the market and everyone should be gearing up for enforcement of the new bunker regulations starting January 1. 

As the holidays and New Year approach keep in mind some suppliers still reduce inventories ahead of year end for tax purposes.

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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