Bunkers Firm as Crude Futures Resume Upward Trend

by Mohammed Marzuq, KPI Bridge Oil
Thursday October 8, 2015

Crude futures climbed further today as the dollar weakened making commodities more attractive for holders of other currencies.

Growing pressures in the Middle East also helped support the current spike.

Brent contracts for November delivery rose 3% settling above $53.00 per barrel.

Nymex front month contracts firmed $1.62 settling at $49.43 per barrel after reaching and intraday high of $50.07.

Bunkers were firm today and we suggest owner/operators to keep a close eye on the market.

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.

To contact the editor responsible for this story email us at editor@shipandbunker.com