Crude Futures Start the Week Soft

by Mohammed Marzuq, KPI Bridge Oil
Monday July 20, 2015

Crude futures fell further today following last weeks momentum on expectation that the lifting of Iran sanctions will put an over excess supply on a heavily saturated market.

Brent front month contracts for September closed down $0.45 cents settling at $56.65 per barrel.

WTI contracts for August delivery softened by 1.5% percent settling at $50.15 per barrel.

It should be noted that WTI futures broke the $50.00 level during the trading day, these prices haven't been witnessed since early April.

Bunkers were softer 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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