Bunker Prices Stable as WTI, Brent Head in Opposite Directions

by Tim Bonett, KPI Bridge Oil
Tuesday March 11, 2014

WTI and Brent headed in opposite directions today as investors expect the EIA to report US crude supplies rose for the seventh week in a row and the European Union threatened further sanctions on Russia.

US crude production continues to climb as refineries transition to summer fuels and decrease operating rates, correcting the price of WTI.

Brent rose on renewed tension between Russia and the EU and continued unrest in Libya as the government tries to maintain control over rebel forces.

By the end of the session WTI had retreated $1.09/bbl, settling at $100.03. Brent gained $0.47/bbl, finishing at $108.55. Bunker prices were stable 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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