WTI Tumbles as Traders Sell Off Their September Crude Positions

by Tim Bonett, KPI Bridge Oil
Tuesday August 19, 2014

WTI tumbled today as traders sold off September crude positions before the front-month contract's expiration.

Today's settlement marks the lowest point since January as we head into the homestretch of the summer driving season.

The market is well supplied with oil and analysts are expecting inventory levels to decline across the board tomorrow.

Bunker prices continued to be soft 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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