Surprising Rise for Brent Futures

by Mohammed Marzuq, KPI Bridge Oil
Wednesday March 11, 2015

This week has been exceptionally interesting to watch as crude prices have been consistently falling.

Today Brent Futures surprisingly rose 62 cents by 1200 recovering from a low of $55.92 early in the trading session.

Brent's recovery was aided by investors playing the Brent-WTI spread leaving the April futures to settle at $57.74.

On the other hand WTI could not get off the band-wagon and continued with its trickling downward trend, leaving the April future's to settle at an astonishing $48.17.

Ultimately, it was the U.S dollar that put significant pressure on crude prices as it propelled to a new 12 year high against the Euro.

For the bunker buyer this is phenomenal news as they get to continually enjoy the lower prices across the board.

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.

To contact the editor responsible for this story email us at editor@shipandbunker.com