WTI Falls for a 7th Consecutive Day, Longest Such Stretch Since December 2009

by George Belekos, KPI Bridge Oil
Monday July 7, 2014

On the other side of the long holiday weekend crude continued to retreat as supply fears overseas continue to subside.

What had been a premium in Brent as a result of the situation in Iraq is essentially gone as Libya announced preparations to export 7.5 million barrels of oil from two ports that had been closed for a years time.

This pressured both benchmarks, sending WTI to a seventh consecutive day in the red, the longest such stretch since December 2009.

Bunker buyers should take advantage of these market conditions while they still can.

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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