Decrease in the US Dollar Sees Oil Prices Rise

by Mohammed Marzuq, KPI Bridge Oil
Wednesday March 18, 2015

A decrease in the US Dollar had oil prices increasing today. 

This is not really unexpected as usually speculators are looking for a bounce after several trading sessions with the market down. 

Needless to say bunker prices also increased inline with rising resupply costs. 

Monetary policy, supply and demand, political turmoil and market forces all conspire to drive oil prices. 

It is really anyone's guess where they will go from here, but we believe the bottom has not been found and in a single month we could see WTI starting with a three and bunker prices starting with a one in the primary ports.