Crude Edges Up After Falling Back From Heavy Early Gains

by Mohammed Marzuq, KPI Bridge Oil
Thursday September 3, 2015

Crude futures were up heavily this morning in line with firming equity markets but softened significantly by the end of the day.

Ultimately, weak economic data from the far east coupled with a larger than expected rise in U.S. crude inventories was enough to curb the prices from firming further and sent prices back towards yesterday’s close.

Brent contracts for October delivery settled up $0.18 cents per barrel while WTI October contracts firmed $0.50 cents by the end of trading day.

Bunkers were mostly firm 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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