WTI and Brent Close Lower

by Marisa McGuire, KPI Bridge Oil
Wednesday May 28, 2014

Both WTI and Brent closed lower today with WTI leading the way down, $1.39 per barrel. 

Inventories are released tomorrow, due to the short week, with builds expected. 

The increase in supply has investors concerned as demand has also been waning. 

The downward pressure on Brent has been kept in check mostly because of the tension that remains in Ukraine and Libya. 

One would have expected Brent to decline in tandem with WTI today as suddenly German unemployment is worse than expected. 

Bunker prices did not erode much, but it does appear that barring any real changes in the geo-political arena that the downward trend should continue for the next few days.

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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