Crude Prices Recover Yesterday's Loses

by Tim Bonett, KPI Bridge Oil
Wednesday September 3, 2014

Crude prices are on a bad diet these last couple of days.

Nearly all that was lost yesterday was gained back today as one of the geopolitical hotspots showed signs of cooling off.

It may be counterintuitive for crude prices to rise given the planned cease-fire agreement between Russia and Ukraine but investors are betting on better signs of economic growth in the region and more demand of oil.

The market is now awaiting tomorrow's EIA report in which supplies are expected to fall.

Bunker buyers have hopefully positioned themselves to be on the right side of this news.

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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