Brent and WTI Futures Sink

by Mohammed Marzuq, KPI Bridge Oil
Tuesday March 31, 2015

Today crude futures for both Brent and WTI sank as the dollar gained on the Euro.

Since last weeks surge both WTI and Brent crude futures have lost about 8 percent of the value gained when Saudi Forces invaded the Houthi rebels.

WTI settled at $47.60 while Brent nestled in at $55.11 by the end of the trading day.

It is possible that crude prices will continue to sink as OPEC leading Saudi intends to capitalize on it's market share by over supplying an already heavily saturated market.

Bunker buyers should also consider the plea-deal being tailored with respect to Iran as lifted sanctions would induce even more supply into the market.

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