Crude Futures Firm After Tanking in Early Trading

by Mohammed Marzuq, KPI Bridge Oil
Wednesday September 2, 2015

Crude futures tanked early in the day after EIA data stated there had been a 4.7 million barrel build last week in U.S. crude inventories but firmed heavily by the end of the trading day.

U.S. stocks rose significantly and this helped pull crude prices out of the doldrums.

Brent contracts for October delivery witnessed intraday lows of $47.00 per barrel but settled well over $50.00.

WTI contracts also swayed into the green witnessing intraday lows of $43.00 per barrel but closed over $46.00 per barrel.

Bunkers were soft in the primary ports early on but then firmed as crude futures spiked.

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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