Crude Prices Flat as Market Awaits OPEC Production Decision

by Tim Bonett, KPI Bridge Oil
Wednesday November 19, 2014

Crude took a little bit of a ride today. Prices started off strong in the early trading hours due to increased hopes of an OPEC production cut but gains fell by the wayside after the build in US inventory figures were released.

When it was all said and done prices were relatively flat.

Concern is building over OPEC's impending production decision and the market remains unsure of what the outcome will be.

Meanwhile, if a tip of the hand is revealed bunker buyers should be sure to take note.

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.

To contact the editor responsible for this story email us at editor@shipandbunker.com