Brent, WTI Follow Downward Trend

by George Belekos, KPI Bridge Oil
Thursday March 5, 2015

Early in the day Brent was up as much as $61.57 per barrel as investors overlooked the record smashing U.S inventory to focus on tensions in Iraq and Libya.

However, by the day's end Brent Futures succumbed to the downward trend we have all witnessed lately, this was indicative to speculators stating the dollars sharp rise versus the euro weighed on oil.

End of day Brent settled down at a whopping $60.48.

WTI Futures for April also followed the downward trend settling at $50.76 per barrel. 

Bunker prices were firm in the primary ports but should be softer tomorrow.

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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