Crude Makes Third Consecutive Day of Gains

by George Belekos, KPI Bridge Oil
Monday February 2, 2015

The fog of post Super Bowl festivities has crude trading down in the early morning session.

However, as traders finished their first cups of coffee crude was headed for its third consecutive day of gains.

Budget cuts for drillers and falling rig counts seem to be propping up crude prices and have some wondering if its enough to stabilize crude markets.

West Coast U.S. refineries dealt with the second day of a union labor strike.

We have seen an uptick in west coast bunker prices and expect this to continue until a solution is reached.

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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