Crude Oil Down After a Mixed Day of Trading

by George Belekos, KPI Bridge Oil
Thursday May 22, 2014

Swirling news regarding Chinese manufacturing data, crude inventories, and jobless claims had crude oil trading in multiple directions before investors took profits anchoring the settlement into the red.

The early week bears seem to have faded in US equities as the stock market ended higher again today paving the way for more confidence in the US economy.

We continue to tell bunker buyers to book orders before the holiday weekend. Bunkers were stable 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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