Brent Futures Firm

by Mohammed Marzuq, KPI Bridge Oil
Tuesday January 26, 2016

Crude prices rallied today as speculators anticipate OPEC and Russian oil exporters would scale back production to help stabilize an extremely soft oil market.

Also helping drive prices north was indications that the U.S federal reserve would wait until mid 2016 to raise interest rates, this makes commodities backed by the dollar more attractive to holders of other currencies in the long term.

Bunkers were firm today across the board.