Crude Makes Mixed Movements

by Mohammed Marzuq, KPI Bridge Oil
Wednesday May 6, 2015

The crude market opened up with June contracts firming heavily today.

Brent was up nearly $2 per barrel by 1100 hours NY time but ended up settling in the red, down $0.63 since last close.

WTI futures for June also saw heavy gains, up nearly $2 per barrel early in the trading day after data came out that inventories in the U.S fell by 3.5 million barrels last week.

WTI ended up loosing its momentum but settled $0.53 higher since yesterday close.

Bunkers continue to firm in the primary ports as resupply costs keep rising world wide.

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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