Oil Prices Experience a Volatile Day

by Tim Bonett, KPI Bridge Oil
Tuesday February 17, 2015

Oil prices experienced a lot of volatility today, spending the majority of the day in negative territory only to turn around by the end of today’s trading day. 

Some are pointing to Egypt bombing some Islamic State targets in Libya, a location where violence has brought production to a standstill. Others the end of a cease fire in Ukraine. 

It seems to be safe to say that we have found a new trading range for oil prices in the near term and any further reduction in pricing a pipedream. 

Demand is weak with many refineries in maintenance mode and prices are still escalating. 

Bunker prices remain highest we have seen this year in the primary ports.

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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