Crude Futures Flat Despite Supply Glut

by Mohammed Marzuq, KPI Bridge Oil
Thursday November 19, 2015

Crude futures saw little change today despite the heavy supply glut we are facing globally.

Crude prices were curbed from falling heavily from a weaker U.S. Dollar making commodities backed in this currency more attractive to holders of other currencies.

Expiring WTI contracts for December delivery settled down $0.21 cents after falling below the $40.00 threshold for the second day in a row.

Brent front month contracts settled up $0.03 cents from yesterdays close.

Bunkers were steady today 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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