Crude Makes Small Gains

by Tim Bonett, KPI Bridge Oil
Wednesday December 17, 2014

Somebody brought out the rally towels today as crude benchmarks were up strong throughout most of the day.

Most of this was attributed to traders who had bet on lower prices closing out positions.

Gains were capped towards settlement time as the dollar rose on the Feds signal that short-term interest rates would likely be on the rise in 2015.

Don't blink as we expect this to be short lived while gluttonies oil supplies and weak demand continue to weigh on the market.

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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