Oil Prices Increase Over Optimism in the Markets

by Tim Bonett, KPI Bridge Oil
Tuesday March 18, 2014

Despite many geo-political worries worldwide, oil prices increased today as optimism in the markets seems to be the main theme. 

Most investors seem to feel that the situation in the Ukraine will have little effect going forward and that the positive signs in the global economy can not be ignored. 

The additional increase in WTI occurred because the expanded Seaway pipeline that links Cushing with US Gulf refineries will open sooner than expected in late May or early June. 

Bunker prices started the day stable, but firmed by the end of the day.

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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