Oil Prices Start the Week Down

by Marisa McGuire, KPI Bridge Oil
Monday June 23, 2014

Oil prices retreated today as many of the oil investors around the world took a breather and are rethinking the current market. 

The escalation of fighting in Iraq has been priced into the market at this point and it would take a severe disruption to the physical oil distribution system for there to be a more significant run up. 

Bunker prices did not however move much today as suppliers are still trying to wrap their heads around resupply costs. 

That being said, bunker buyers should start looking to the upcoming Forth of July holiday in the US and plan accordingly.

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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