Brent Prices Edge Down as WTI Drops 2%

by Mohammed Marzuq, KPI Bridge Oil
Wednesday August 26, 2015

U.S. crude stocks saw a bigger than expected draw of 5.5 million barrels last week.

One would expect prices to firm but this was curbed by a massive build in distillate and gasoline stocks also continual fear of the Far East stock market struggle.

Brent contracts for October settled just shy of last close at $43.14 per barrel while WTI contracts for October tanked nearly 2% settling at $38.60 per barrel.

Bunkers didn't see much fluctuation in the primary ports and we believe prices will continue to fall as we near the end of the summer season.

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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