WTI Makes First Gain in Three Trading Days

by Tim Bonett, KPI Bridge Oil
Tuesday February 4, 2014

Investors are expecting the EIA to report tomorrow that distillate inventories fell last week during the cold spell that gripped the Eastern half of the U.S.

This speculation coupled with the advances of equities today supported WTI for it's first gain in three trading days.

Meanwhile, another winter storm system is headed toward the Northeast U.S. as the weather related demand of heating oil will continue withdraw distillate inventories.

By the end of the trading day WTI had gained $0.76/bbl resting at $97.19/bbl while Brent slipped $0.26/bbl, settling at $105.78. Bunker prices were stable in the primary ports.

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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