Crude Futures Make Another Significant Gain

by Mohammed Marzuq, KPI Bridge Oil
Tuesday April 14, 2015

Today crude futures saw another significant gain. WTI rose $1.38 since yesterdays close, settling at $53.29 per barrel.

The reason for gains in the Nymex market was attributed to a weakening U.S dollar coupled with North Dakota data showing oil  production fell by 15K barrels per day.

Brent rose 63 cents settling at $58.56 per barrel.

The reason for gains in the Brent market can be attributed to ongoing tensions in Yemen.

Prices in the primary ports were mostly stable but we advise bunker buyers to buy sooner rather than later to minimize risk to the upside.

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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