Crude Makes Further Gains

by Tim Bonett, KPI Bridge Oil
Wednesday October 29, 2014

Draws in gasoline and builds in crude inventories started morning trading with a mixed bag of indicators.

The argument surrounding where a good crude oil price point for OPEC should be, seems to be suiting the interests of the company or country that the talking head is getting his paycheck from, nothing like a good objective opinion!

Brent crude oil continues to slowly recover from the low $80/bbl and is now marching toward $90/bbl.

We can expect more volatility in both directions as supply and demand fundamentals continue to clash with the profits of oil companies.

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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