WTI Down After a Volatile Day of Trading

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

Crude was down heavy to begin the day after the weekly inventories report released showed an unexpected large build in supplies.

However, the relief felt coming out of the Federal Reserve meeting pared much of the losses.

The general sentiment as a result of the two-day meeting was that interest rates would not be climbing in the near term nor would the dollar go much further, giving a boost to investments such as oil.

The volatility in the market today may continue as traders look for opportunities. Bunker prices still tend to be soft 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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