WTI Trends Down After Kansas Refinery Fire

by Tim Bonett, KPI Bridge Oil
Tuesday July 29, 2014

A refinery fire in Kansas had WTI trending down today. This particular refinery is important as it is directing linked to Cushing. 

Meanwhile, Brent moved little moving up $0.15 bbl. 

Overall market sentiment is that WTI and Brent will once again diverge with sanctions being passed against Russia and inventories increasing the USA. 

Bunker buyers need to keep in the back of their mind that prices are much more likely to increase dramatically than decrease.

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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