Crude Down for a Second Day

by Tim Bonett, KPI Bridge Oil
Tuesday August 30, 2016

The US dollar continued to gain steam today sending crude prices tumbling further with forecasted builds in inventories expected this week.

Iran pressured prices further stating that the country was on target to reach peak production soon.

Though some precautions were made due to an impending storm in the US Gulf, it had little support for prices in that were leaned on so heavily.

Bunker prices were again softer in the primary ports.

WTI October $46.35/BBL DOWN -$0.63/BBL
Brent October $48.37/BBL DOWN -$0.89/BBL

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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