WTI/Brent Spread Shrinks

by Tim Bonett, KPI Bridge Oil
Monday August 11, 2014

The WTI/Brent spread shrunk today as domestic supply is trending tighter on more efficient refinery operating rates.

Brent was down as the market is trying to assess the geopolitical risk.

The U.S. efforts in Iraq seem to have investors sensing the risk to the southern oil fields has receded for the time being.

Analysts will look to tomorrows industry assessments of the supply picture which could give the market direction for the rest of this week.

Bunker prices were stable in the primary ports.

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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