Small Gain for Crude After Surprise Inventory Drop

by Tim Bonett, KPI Bridge Oil
Wednesday January 7, 2015

Crude managed to be pulled up today after weekly inventory figures showed a surprising drop last week.

Refineries are still operating at 90% capacity levels drawing on crude levels.

Some support may also have been found in the better-than-expected U.S. jobs report.

Some are speculating that the oil markets may be at intersection after losing so much value recently.

However, every other bottom picker on the way down has been incorrect - until now? Time will tell.

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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