Crude Prices Back on the Rise - Bunker Buyers Should be Buying as Far Out as Practical

by Mohammed Marzuq, KPI Bridge Oil
Thursday April 23, 2015

Crude oil prices were on the rise again today.

WTI firmed $1.49 per barrel settling at $57.74.

It's interesting to note that the market did not soften after official EIA data showed significant gains in the U.S stock pile at Cushing.

Brent also firmed significantly by $2.11 settling at $64.84 per barrel.

The continued fighting in Yemen has had a role of driving the market, also taking toll on the futures market was the weakening of the U.S dollar.

Bunkers were mostly firm in the primary ports and until we see a change bunker buyers should be buying as far out as practical.