Crude Benchmarks Mixed on Wednesday

by Tim Bonett, KPI Bridge Oil
Wednesday August 6, 2014

Crude benchmarks were mixed today after an early EIA infused rally. 

U.S. gasoline fell unexpectedly by 4.4 million barrels while analysts had predicted a modest gain.

Distillate figures also surprised but the early morning boost was not sustainable as geopolitical risks seem to be calming.

Israel withdrew troops from Gaza and negotiations have progressed far enough to stop the offensive.

Bunker prices continue to be stable in the primary ports, for 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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