Oil Slumps to New 5 Year Low

by Tim Bonett, KPI Bridge Oil
Wednesday December 10, 2014

The energy complex fell off the planet today, reaching new five year lows.

An unexpected build in inventories pushed WTI and Brent crude oil prices sharply downward.

In a sector that is already over done to the downside, many wonder what impacts this will have on some domestic and foreign producers.

A sustained soft period for bunker buyers is welcomed, especially in preparation for the new ECA 0.1% fuel oil regulations.

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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