Crude Prices Continue to Slip

by Mohammed Marzuq, KPI Bridge Oil
Thursday May 14, 2015

Early in the day we saw crude futures rallying after news came out that Iranian Guards fired over a Singapore flagged tanker.

Although speculators were successful in firming the market for a bit, levels came down as fast as they went up.

The expiry of Brent front month contracts for June softened by $.22 cents settling at $66.59 per barrel.

WTI contracts for June were down $.62 cents settling $59.88 per barrel.

Bunkers softened a bit today but were mostly steady in 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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