Crude Futures on the Rise

by Mohammed Marzuq, KPI Bridge Oil
Thursday April 16, 2015

Crude futures is on the rise again, Brent settling up $0.66/barrel since yesterdays close.

The main reason for the continued firming is most likely due to U.S government data implying that oil production has been down for the second time in 3 weeks.

The continued Yemen conflict is also a major factor and not going away any time soon.

WTI front-month contracts for May settled up $0.32/barrel.

WTI futures have been adversely affected by the production decreases and overestimated supply levels.

Furthermore the current oil rig count in the states is slowly diminishing from past levels.

Near term trend continues to be firm.

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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