Another Down Day for Crude Oil Prices

by George Belekos, KPI Bridge Oil
Thursday December 18, 2014

Another down day for crude oil prices has many suppliers still searching for a bottom.

Deliveries of fuel during the Christmas holiday could get tricky depending on the port and operational situation.

If you have ships looking for bunkers December 24th – 26th, it would be best to check with your bunker trader early, rather than scramble for options at other ports where suppliers are drinking eggnog and eating Christmas cookies.

As in past years, smaller trading volumes at the NYMEX going into the Christmas holiday could lead to increased volatility and huge swings in pricing in either direction.

Bunker prices remain soft in the primary ports.