Crude Futures Fall Further as Greek Crises Continues

by Mohammed Marzuq, KPI Bridge Oil
Monday June 29, 2015

Crude futures fell further today on the ongoing Greek crises.

Currently, Greek banks have opted to suspend banking operations while practicing capital control, this lead Brent front-month contracts to soften $1.25 to settle at $62.01 per barrel.

WTI contracts for August were also down sharply due to a firm U.S dollar and a realization that an Iran deal could come to fruition in the coming weeks.

WTI futures sank $1.30 settling at $58.33 per barrel.

Bunkers were softer across the board today.

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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