Crude Futures Soften Mid Week

by Mohammed Marzuq, KPI Bridge Oil
Wednesday October 7, 2015

Crude futures retreated from there upward momentum today when EIA data showed a build of 3 million barrels in U.S. crude inventories.

Crude runs in the U.S. also fell 400,000 barrels per day which helped curb crude futures from going any higher.

Brent contracts for November delivery settled at $51.33 per barrel.

NYMEX front month contracts settled at $47.81 per barrel.

Bunkers were mostly steady today in the primary ports as suppliers and purchasers are waiting for the dust to settle.

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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