Crude Futures Continue to Slide

by Mohammed Marzuq, KPI Bridge Oil
Tuesday February 2, 2016

Crude futures continued sliding today as speculators outlooks on production cuts slowly diminished.

U.S. stock indices also took a blow as energy shares continued sliding into the red as crude continues to be pressured by over supply.

Brent contracts for April delivery were down 4% by the end of the trading day, while Texas light sweet crude contracts for March cooled over 5%.

Bunkers continued to slide in the primary ports today.

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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