WTI and Brent Prices Continue Down

by Tim Bonett, KPI Bridge Oil
Wednesday February 11, 2015

Bunker buyers can continue to sun themselves on the beach as US inventory builds sent WTI and Brent crude oil deeper into the abyss.

Most analysts continue to predict 2015 to be a very soft year for the energy complex.

Near term, take advantage of suppliers looking to move barrels as we expect volatility to continue as oil finds its way down to $40/bbl.

Yes, forty dollars per barrel is not a typo.

Avails in certain ports remains problematic as suppliers are trying not to keep big inventories.

Bunker buyers will have better leverage to book stems five to seven days from ETA.

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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