Crude Prices Retreat

by Tim Bonett, KPI Bridge Oil
Tuesday February 10, 2015

Crude declined today though not as much as bunker buyers would like. 

There is a lot of conflicting news in the market currently, but for certain one thing remains constant, supply is outpacing demand. 

According to the EIA expectations in May 2015 are for inventories in OECD countries to reach levels not seen since 1998 when WTI was trading at around $11-12 per barrel. 

While we certainly do not expect oil prices to reach those lows, it is still not unreasonable to expect decreases going forward. 

They buying action of late seems premature, but as we all know volatility is what the investors and speculators crave. 

Bunker buyers right now need to buy as needed and not worry about market direction until a clear trend reveals itself.

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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