World News
WTI and Brent Prices Continue Down
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.