Energy Complex Trades Mostly Flat on Tuesday

by Marisa McGuire, KPI Bridge Oil
Tuesday July 22, 2014

The energy complex traded mostly flat today with geo-political news starting to loosen its grip over fuel prices.

WTI crude oil contract expired today with the September contract now coming into the fold, in backwardation by $2/bbl.

Bunker buyers should still monitor sanctions between Russia, United States, and European Union.

The risk is still toward the upside.

Equities remain strong in the US and uncertainty over supply disruptions in the Middle East and even Europe remain a possibility.

If you have time to bunker, we recommend taking a percentage out now to act as a hedge against any firm uptick in bunker prices.

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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