Oil Prices Edge Up

by Tim Bonett, KPI Bridge Oil
Tuesday October 21, 2014

Both Brent and WTI increased today as Chinese gross domestic product figures increased which was not expected. 

This apparently signaled to the speculators that demand is back and prices should increase. 

It was a rather minor increase, but is certainly bucking the trend of late. 

Bunker buyers should expect a narrower trading band near term and prices to move around this spot for a while. 

We do believe a trend downward will continue, just at a much slower pace and prices are more likely to increase significantly than decrease at this point.

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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