Crude Inventories Decline For the Eighth Consecutive Week

by Marisa McGuire, KPI Bridge Oil
Wednesday March 26, 2014

WTI oil prices increased today as signs of life in the US economy had inventories declining more than expected.  

For the eighth consecutive week crude inventories have declined. 

Couple that with gasoline demand at levels not seen in a long time and WTI crude prices move up. 

Many expect the supply glut in Cushing to keep declining and a convergence of Brent and WTI pricing. 

Bunker prices were firm in the USA. The good news is the Houston Ship Channel is reopening and we expect it to be fully open in the next day or so. 

Bunker deliveries will be complicated in Houston over the next couple of weeks so bunker buyers should keep this in mind.

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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