Crude Down as US Dollar Pressures Prices

by Tim Bonett, KPI Bridge Oil
Monday August 29, 2016

All momentum from the tailwind crude experienced at the end of last week fizzled out as the stronger US dollar pressured prices throughout the day.

Speculators are anticipating an uptick in interest rates from the Federal Reserve in the coming months, if not weeks.

A rise in interests rate would boost the dollar further eroding greenback based oil prices.

Bunker prices were softening 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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