Brent Trades Below $100 for the First Time Since June 2013

by Tim Bonett, KPI Bridge Oil
Monday September 8, 2014

Brent traded below the $100 mark today for the first time since June 2013, though it was not able to close at that level. 

Concerns about demand, specifically about Chinese demand for oil is what was the primary impetus. 

Overall demand is weak and supply is plentiful. 

If there was not potential conflict lurking around the corner one would expect oil prices to be well below $100 bbl. 

If the ceasefire between Russia and Ukraine is able to hold and sanctions can be lifted oil will continue to decline.  Bunker prices were soft today in the primary ports.

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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