4 Day Crude Run Ends With 8% Drop

by George Belekos, KPI Bridge Oil
Wednesday February 4, 2015

A fifth straight day of gains was not to be had as today's inventory report wiped all of yesterday's increase and then some.

Stockpiles grew twice as much as expected sending crude down 8% today.

After crude ran for four straight trading days the inventory report gave the market a hard dose of reality.

U.S. invenotry levels are at an 80 year record high and most likely growing.

Refineries are getting ready to shut down for maintenance runs ahead of the warmer season.

Don't unbuckle your safety belt just yet.

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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