Another Big Slide for Crude Futures

by Mohammed Marzuq, KPI Bridge Oil
Monday January 11, 2016

Crude futures were hammered once again triggered by substantial losses in the Chinese stock market.

Brent contracts for February delivery fell by $2.00 a barrel making ICE contracts settle at an astonishing $31.55 per barrel.

WTI front month delivery contracts also slid 5.5% settling at $31.41 per barrel.

The outlook for oil is extremely bearish as we near the Iran deal, this is coupled with an eager OPEC trying to capitalize on market share by over producing crude into a flooded market.

Bunkers were extremely soft 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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