Heavy Volatility as Crude Futures Fall Further

by Mohammed Marzuq, KPI Bridge Oil
Tuesday January 12, 2016

Crude futures saw some heavy volatility today and were firm early in the trading day after news of a suicide bombing in Turkey made headlines.

Despite the quick surge, crude prices softened on the inevitable market state we have all witnessed lately.

China’s slowing economy coupled with an oversupplied market has had crude prices in a bearish state; since the new year we have witnessed front month contracts soften by more than 15%.

It is difficult to predict how far prices can go but it shouldn't be a surprise if prices reach $20.00 a barrel as we near the sanction liftings on Iran.

Bunkers were mostly soft today in the primary ports.

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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