Crude Prices Rebound

by Tim Bonett, KPI Bridge Oil
Wednesday January 21, 2015

Crude prices rebounded today as investors took note of the reluctance to invest in energy projects with active drill rigs closing shop at an alarming rate in the US.

It will take some time before production levels are affected and the global market remains oversupplied but the recent cut in oil rigs along with a weak dollar was more than enough to prop up crude today.

Crude inventories are expected to grow yet again when figures are reported later in the week and OPEC is showing no sign of slowing down.

We don't expect todays run to reverse the trend.

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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