Crude Down as inventories Hit at Least an 80-year High

by Tim Bonett, KPI Bridge Oil
Wednesday January 28, 2015

As the rest of the northeast US dug out of the latest winter snowstorm crude continued to dig deeper into benchmark prices.

The newest shiver sent through the market was that of at least an 80-year high in crude inventories, sending prices to their lowest point in six years.

When the US is producing at its highest recorded rate (9.2 million barrels/day) and OPEC maintains its stance on production levels their remains too much downward pressure on any slightly supportive news for oil.

However, this is sure to keep bunker buyers warm at night.

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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