Crude Futures Firm, but Brent Stays Under $50

by Mohammed Marzuq, KPI Bridge Oil
Tuesday August 4, 2015

Today crude futures firmed following yesterdays sell-off.

The U.S dollar weakened today making commodities backed in U.S currency more attractive for holders of other currency, this was paired with volatility in the Chinese equities market which also took significant losses yesterday.

Brent contracts for September delivery rose $0.47 cents settling at $49.99 per barrel while WTI contracts for September firmed $0.57 settling at $45.74 per barrel.

Bunkers were mostly steady today.

We can always expect the market to swing either way tomorrow following EIA data on U.S inventory.

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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