Brent/WTI Spread at Lowest Point Since October 9th

by Tim Bonett, KPI Bridge Oil
Thursday February 13, 2014

Crude benchmarks remained near yesterday's settlements as another winter storm barreled up the Northeastern U.S.

WTI was able to shrug off last month's disappointing retail sales figures released this morning.

Investors were generally unfazed by the gloomy economic data, blaming weak retail figures on the continuing harsh winter weather the majority of the country has been experiencing this season.

At the end of the trading day WTI had dipped $0.02/bbl to $100.35/bbl while Brent slipped $0.06/bbl, settling at $108.73/bbl.

The Brent/WTI spread is now at its lowest point since October 9th. 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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