Crude Futures Back on the Rise

by Mohammed Marzuq, KPI Bridge Oil
Wednesday May 20, 2015

Crude futures rallied today as EIA came out stating there were significant draws from US inventories.

Although the market firmed it is still soft compared to recent levels, especially yesterdays decline; this can be attributed to a strong US dollar.

Brent front-month contracts for July firmed $1.01 per barrel settling at $65.03 today.

WTI contracts rose $1.72 settling at $58.98 per barrel.

Demand was soft today in the bunker market but the physical suppliers are still holding onto higher prices.

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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