Crude Closes Mixed on Varying Fundamentals

by Tim Bonett, KPI Bridge Oil
Tuesday July 26, 2016

Price settlements today were a product of varying fundamentals as WTI settled lower and Brent higher.

Analysts anticipate oil to head below $40/bbl before any possibility of bull market returns.

Refineries could possibly start to slow down earlier than usual for seasonal fall maintenance which would add to a crude glut due to less demand.

The market will be watchful for any sign of a price floor in the near term.

Bunker prices were stable in the primary ports.

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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