Crude Oil Prices Firm

by Marisa McGuire, KPI Bridge Oil
Wednesday May 14, 2014

Crude oil prices firmed during the days trading on the back of a draw in inventories at Cushing, Oklahoma and the escalating violence in Ukraine.

A draw in distillate inventories and Brent crude oil contracts expiring on Thursday also played its part in spiking bunker prices globally. 

We are seeing tight avails in the St. Lawrence river, the arbitrage opening with the spring thaw now well underway we suggest purchasing as far in advance as possible. 

The talking heads are mostly concentrating on first quarter earnings, and war risk.

Get ready for even higher prices with the bears heading into the woods for the remainder of the week. 

Bunkers continue 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.

To contact the editor responsible for this story email us at editor@shipandbunker.com