Crude Futures Rally

by Mohammed Marzuq, KPI Bridge Oil
Tuesday June 2, 2015

Today crude futures rallied as the U.S dollar softened compared to a basket of other currencies.

The Euro firmed on speculation that the Greeks would tailor a deal with its creditors.

WTI front month contracts for July firmed $1.06 per barrel settling in at $61.26.

Commodities backed by the Dollar were cheaper for holders of  other currencies.

Brent contracts for July firmed $0.70 cents settling in at $65.49 per barrel on speculation that there would be significant withdrawals in U.S inventories last week.

Bunkers were firm today 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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