Brent Hits a 4 Year Low

by Tim Bonett, KPI Bridge Oil
Monday November 10, 2014

Crude benchmarks fell to start the week and Brent reached a 4-year low as concerns grow that OPEC will not be cutting prices or production amid the oil supply glut.

In fact, OPEC pumped more barrels into the market in October than planned.

Libya announced 2 major oil fields will be coming back online and the dollar gained some momentum compounding the pressure on oil.

Bunker buyers should continue to ride out this bear market.