Crude Prices Soar as Yemen Conflict Unfolds

by Mohammed Marzuq, KPI Bridge Oil
Thursday March 26, 2015

Today crude prices soared as the conflict in Yemen unfolded.

Saudi Arabia’s air assaults on Houthi rebel forces had buyers jacking up the market with fear of oil movement disruptions in the middle east.

Front- month contracts for May in both benchmarks saw a significant surge.

WTI crude futures rose over 4% by the end of trading day in New York, settling at levels we have not witnessed in quite sometime.

Brent crude futures surged 5% settling over $59 per barrel.

We would suggest bunker buyers stem sooner rather than later.

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.

To contact the editor responsible for this story email us at editor@shipandbunker.com