Bunker Prices Firm as Crude Benchmarks Make Gains

by Tim Bonett, KPI Bridge Oil
Tuesday January 28, 2014

News out of the housing market had WTI depressed yesterday, but today's S&P/Case-Shiller index of property prices in 20 cities increased the most in almost eight years and had broader indexes along with WTI headed north.

Speculation that the Fed will slowdown its trimming of the bond purchasing program also boosted WTI and the January consumer-confidence index increase surpassed analysts expectations.

Investors now anticipate tomorrow's EIA report on current stockpiles.

By the end of the session WTI had gained $1.69/bbl, settling at $97.41/bbl while Brent rose $0.72/bbl, finishing the day at $107.41. Bunker prices were firm 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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