WTI and Brent Edge Higher after Early Slump

by Tim Bonett, KPI Bridge Oil
Monday October 6, 2014

Oil markets bucked the trend for at least one day as both WTI and Brent edged higher after slumping earlier this morning.

Some are speculating that equities have reached a bottom while the dollar lost steam helping broader commodities along with crude.

Irving Oil announced an extended close of its Saint John, New Brunswick refinery which is a major provider of gasoline to the Northeast U.S.

The unanticipated delay aided in additional support during today's trading.

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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