Crude Prices Start the Week Flat

by George Belekos, KPI Bridge Oil
Monday May 19, 2014

A mixed bag of news during the days trading made for relatively flat movements in WTI and Brent crude oil prices.

A weak US Dollar competed with soft housing data out of China to curb much rise or fall in either direction.

Equities in the US and Europe were mostly stable, a change from the sharp volatility at the settle of last weeks trading.

Pundits seem to believe that investors simply won't return to cash and therefore they believe equities will remain red hot through the summer time. 

A recovering US economy should put more pressure on demand and if fundamentals take over, we should see bunkers continue to climb 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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