WTI Rebounds on EIA Data

by Tim Bonett, KPI Bridge Oil
Wednesday August 13, 2014

WTI was slumping in early stages of today's trading but rebounded once EIA stats were released.

The demand for gasoline and distillates pulled crude up along with it despite an unexpected build in inventories.

Brent was bolstered by the market realization that it had been oversold with a number of geopolitical risks at stake.

There is plenty of oil in the market but investors feel uneasy about prices falling further.

Bunker prices were starting to firm 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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