Crude Futures Continue to Slide

by Mohammed Marzuq, KPI Bridge Oil
Tuesday October 27, 2015

Crude prices continued to slide today as both NYMEX and ICE front month contracts settled in the red.

WTI fell to 8 week lows today on the expectation that EIA data will show another build in U.S. crude inventories.

Similarly, Brent contracts sank to levels we haven't witnessed since early September.

Over supply continues putting pressure on oil prices and without adjustment to output we could see prices continue to fall even further as there is much negative sentiment on the horizon.

Bunkers were relatively softer today but was quiet as owner/operators wait to see what the market will do in the following days.

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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