Crude Prices Edge Higher After Early Morning Dip

by George Belekos, KPI Bridge Oil
Monday August 4, 2014

After an early morning dip, crude prices edged higher by days end. Investors sensed that crude had been oversold ending the recent sell off trend with both benchmarks reaching multi-month lows.

Geopolitical risks heated up in a few sensitive spots boosting Brent more than WTI and increasing the benchmark spread.

Prices are not expected to slide further as investors sense the opportunity to buy is now!

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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