Brent and WTI Decline

by Mohammed Marzuq, KPI Bridge Oil
Tuesday April 21, 2015

Both Brent and WTI declined as the Saudi led coalition in Yemen announced an end to their month long campaign.

This is making the speculators calculate the probability of further violence in the Middle East less likely. 

Additional downward forces were created by talk that inventories here in the USA will build again this week. 

DOE official data shall be released  tomorrow.

The past two weeks we have noticed crude futures rise to peak levels in 2015.

Most of the drivers have been purely speculative and we are hopeful crude levels will come down as fast as they came up.

Contrary to the crude oil markets the bunker were markets were mostly steady to firm in the primary ports as resupply costs have not move in line with crude.

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.

To contact the editor responsible for this story email us at editor@shipandbunker.com