Crude Continues on a Downward Spiral

by Tim Bonett, KPI Bridge Oil
Monday September 22, 2014

Crude continued on it’s downward spiral to start the week. 

China’s economy is slowing down, U.S. existing homes sales unexpectedly dropped and Libya will reopen the country’s largest oil field that was shut last week due to precautionary measures.

All signs worthy of sending benchmarks lower today.

Bunker prices were continuing to soften in the primary ports where bunker buyers can capitalize when the opportunity is present!

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.

To contact the editor responsible for this story email us at editor@shipandbunker.com