Crude Prices Hit a New Two Year Low

by Tim Bonett, KPI Bridge Oil
Monday November 3, 2014

Saudi Arabia announced that it would be cutting its selling price for oil sending crude prices to a new two year low late in the trading session.

Some are anticipating a global price war to ensue but others believe the Saudi's are just trying to protect their market share.

What is clear is that the market remains well supplied.

Keep an eye on weekly U.S. inventory figures and U.S. employment data coming out later this week.

Bunker buyers should consider purchasing as far out as the eye can see!

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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