Crude Futures Continue to Tumble

by Mohammed Marzuq, KPI Bridge Oil
Monday October 26, 2015

Crude front month contracts were down today inline with the current bearish decline we have witnessed these last several weeks.

Both ICE and NYMEX markets have dumped nearly 10% and the common denominator seems to be oversupply worry in both residual and distillate fuels.

The following weeks should be interesting nonetheless as we near the colder months.

Will crude prices continue declining or will they find some upside ensued by increased products market demand as the world begins to cool.

We must not forget sanctions lifting of Iran which could depress the market even further.

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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