Investors and Traders Continue to Fight Over the Direction of Crude

by George Belekos, KPI Bridge Oil
Thursday February 5, 2015

Germany and England, Brazil and Argentina, like fantastic football rivals, investors and traders continue to fight over the direction of crude and if this is the bottom of the market. 

The global supply excess or the upcoming production reductions, what will win? 

The only thing the bunker buyer can count on is volatility and when prices move up, suppliers will be quick to increase prices, as prices move down they will hold the line as long as possible. 

Over the next several months however, we still feel it is more likely that oil prices will reduce further than increase. 

That being said with all the volatility, as a buyer, if you like the price take it and do not look back.

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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