After Early Gains, Both Crude Benchmarks End in the Red

by Mohammed Marzuq, KPI Bridge Oil
Thursday March 12, 2015

Early in the day there was some respectable gains in both Brent and WTI as traders scrambled before the expiry of their front-month contracts.

Fortunately recent volatile trading left both crude benchmarks in the red by days end.

Speculators stated that the opening of Houston ship channel; which has been closed due to a casualty the past few days, coupled with the potential deal to end the U.S refinery workers strike put significant pressure on the crude market and kept it in the bearish state.

Fortunately for the bunker buyers this is a great position and it should be jumped on 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.

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