Crude Futures Continue to Fall After Flat Start to the Day

by Mohammed Marzuq, KPI Bridge Oil
Tuesday February 9, 2016

Crude prices were flat in early morning trade but then dumped nearing the end of the trading session.

Weak equity markets coupled with an expectation of builds in U.S. inventories pushed front month contracts back towards the lower end of the spectrum; the $30.00 per barrel range.

Tomorrow should be a very interesting day as we await commenting on the U.S. rate hike and U.S. inventory figures.

A weaker dollar has certainly played a major role in the rally of crude prices these past few weeks; if the feds indicate they will raise rates then we could see crude tumble further as dollar denominated commodities like oil become more expensive to holders of other currencies.

If the feds indicate they wont be implying a hike than we can expect crude prices to push much higher, as it would be more attractive.

Bunkers were relatively flat in early morning trade, limited by activity due to the holidays in the Far East and Americas, but softened as the day went by.

We highly advise bunker purchasers to lock in their prices and take advantage of the current market state.

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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