Crude Soft as U.S Dollar Firms Against the Euro

by Mohammed Marzuq, KPI Bridge Oil
Thursday June 11, 2015

Crude futures were bearish today on the firming U.S dollar against the Euro due to the Greek debt situation that has lingered for quite some time.

The softer crude market today could not outweigh the significant gains we had seen the past two days but something is always better then nothing.

Brent front month contracts for July softened by $0.59 cents settling in at a cool $60.77 per barrel.

WTI July contracts fell by $0.66 cents to settle at $60.77 per barrel.

Bunkers were quite steady today as the market is easing off of the price hikes the past few days.

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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