Crude Futures Cool on Yemen Peace Talks

by Mohammed Marzuq, KPI Bridge Oil
Monday June 15, 2015

Crude futures sank today on peace talks being initiated by Ban Ki-Moon for the Yemen conflict that has been on the back burner for quite sometime.

Further driving down prices was the firming U.S dollar; making it less appealing for buyers of other currency to purchase commodities priced by the green back.

Headlines have started to hit the papers stating that by June 30th, final negotiations with Iran could be lifted which would completely sink the market.

The expiry of Brent July contracts softened $1.12 per barrel settling at $62.61.

WTI front month contracts for July cooled $0.44 cents settling at $59.92 per barrel.

Bunkers were softer 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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