WTI, Brent Prices Soften on Weak Chinese Manufacturing Data

by Marisa McGuire, KPI Bridge Oil
Monday May 5, 2014

¡Feliz Cinco de Mayo! Many Wall Street traders hit the bars this afternoon to celebrate as WTI and Brent crude oil prices softened from weak Chinese manufacturing data and renewed fervor for Libyan export barrels.

It seems as if investors have already priced in the civil war risk in Ukraine as it only impacted early morning trading before the economic and technical data drove Brent crude oil prices downward.

Ukraine is a breath away from a civil war, and should the situation there continue to spiral out of control, geopolitics will come back into the fold, and this could firm the energy complex.

US service sector data came in better than expected in morning trading which took stock brokers attention off of Ukraine and back to positive market fundamentals…in between striking the piñata.

Buy signs all the way for bunker buyers and remember, "KPI Bridge Oil has the most interesting brokers in the world."

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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