World News
Investors and Traders Continue to Fight Over the Direction of Crude
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.