Crude Futures End Thursday in the Red

by Mohammed Marzuq, KPI Bridge Oil
Thursday June 25, 2015

Crude futures ended up in the red today following yesterday's momentum.

The uncertain sentiment of a Greek deal has caused the commodities market to decline; this was coupled with a rise in oil in the U.S inventories.

Brent front month contracts for August delivery traded down $0.30 cents settling at $63.20 per barrel while WTI contracts for August delivery softened $0.57 cents to settle at $59.70 per barrel.

The following few weeks should be interesting and we can expect the market to go either way with respect to the Iran nuclear deal and Greek bailout.

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.

To contact the editor responsible for this story email us at editor@shipandbunker.com