Crude Down on Strong Dollar

by Tim Bonett, KPI Bridge Oil
Monday June 27, 2016

As major markets unreel after the Brexit decision, crude benchmarks are following suit.

The dollar is the key driver behind crude's plummet while investors contemplate the long term effects on the market.

Another expected draw on crude inventories did little to support prices today though prices are not expected to follow this trend long term.

Today's bunker purchasers were able to take advantage of a softening market in most 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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