A New Week, a New 14 Month Low for Oil Prices

by Marisa McGuire, KPI Bridge Oil
Monday August 18, 2014

A new week, a new 14 month low for oil prices.  Improvement on the ground in Iraq had both WTI and Brent down today, though Brent much more so than WTI. 

Economies are not great, demand is off and supply is abundant. 

All of which should lead to much lower oil prices than we see today, but so long as cheap money is available for investment it will buoy all the markets. 

Bunker prices were lower in the primary ports, with the exception being Panama, where some supply issues are keeping prices stable for the time being.

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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