Crude Futures Continue to Fall

by Mohammed Marzuq, KPI Bridge Oil
Thursday August 6, 2015

Crude futures continued falling today following yesterdays momentum.

Oil analysts have vehemently stated that last weeks rise in U.S gasoline stock proved more important than a 4.4 million barrel draw of crude oil.

The current market state is creeping closer to breaking 2015 lows and it shouldn't be a surprise if and when it does.

Brent contracts for September delivery settled at $49.52 per barrel after hitting 6 month lows earlier in the trading day.

WTI contracts for September softened $0.49 cents per barrel settling at $44.66 per barrel.

Bunkers were favorable to ship owner/operators today and highly suggest taking advantage of the current situation.

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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