Mixed Day for Crude Futures After Early Rally

by Mohammed Marzuq, KPI Bridge Oil
Tuesday April 28, 2015

Today in the early morning crude futures rallied when information came out stating that a U.S flagged vessel was overtaken by Iranians.

Both Brent and WTI June front month contracts rallied after the aforementioned hit news stations across the globe.

It’s funny to note how quickly the market came down once official information was brought to light; this was not a U.S flagged ship.

Brent futures slipped 19 cents since yesterdays close settling $64.64 per barrel while WTI futures settled 7 cents higher at $57.06 per barrel.

Bunker prices were mostly steady in the primary ports and we expect to see levels sink as speculators are clearly running out of options.

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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