WTI Slips Under $60 and to a 5 Year Low

by Tim Bonett, KPI Bridge Oil
Thursday December 11, 2014

A five year low for US light sweet crude oil has NYMEX traders still trying to figure out where the bottom will be for the energy complex.

Some analysts feel that if the Saudis don't cut production it will actually force other OPEC producers to eventually increase production to boost their own revenues.

Meanwhile, cost savings for ship owners has been rampant. One bunker buyer allegedly was told to bathe in $20 bills for all the money he is saving his company.

Another purportedly told us that he was told not to change his under garments once WTI crude fell below $60/bbl for superstitious reasons. Enjoy.

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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