Largest Build in WTI Crude Stocks in Over 14 Years

by George Belekos, KPI Bridge Oil
Thursday January 22, 2015

The largest build in WTI Crude stocks in over 14 years sent US light sweet crude oil prices down the rabbit hole.

The race toward $30/bbl continues as the bears reap the rewards in the energy complex.

This sustained level of low fuel oil prices for shipping companies could continue to equal greater returns over a prolonged period of time.

The US dollar rising from the European Central Bank buy back program put even more downward pressure on commodities as the US equities market firmed to settle the days trading.

Bunkers remain soft in the primary ports.