Crude Markets Make Further Gains

by Mohammed Marzuq, KPI Bridge Oil
Thursday April 9, 2015

Today we saw Brent crude futures rise as German economic data revealed strengthening, this was coupled with Iran stating that they would sign the final nuclear deal only if all sanctions were lifted the same day.

Brent crude settled at $56.57 per barrel rising $1.02 since yesterdays close.

WTI also saw positive gains today but the strengthening of the U.S dollar made it difficult to hold on to commodities backed by the green-back keeping WTI futures barely moving.

WTI rose 37 cents since yesterdays close to settle at 50.79.

Although the market saw some gains bunker buyers should be happy that the rise today was a fraction of the bull market we saw on Tuesday.

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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