Global Crude Benchmarks in Significant Decline

by Marisa McGuire, KPI Bridge Oil
Thursday August 14, 2014

"And I'm free, free fallin'" could be heard by the oil markets today as both global crude benchmarks and all oil products declined significantly. 

The question now becomes, where do we go from here? 

Risk is still high for the possibility of global hotspots turning into conflicts. 

That being said it is evident that there is also a lot of global economic risk as both Europe and Asia seem to be slowing down. 

The speculators also confused by where the market is as many are talking of shorts jumping into the market while others are expecting a bounce.

We expect prices to remain fairly soft unless a fuse is lit one of the hotspots. Bunker prices were lower today.

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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