Crude Futures Rally Heavily

by Mohammed Marzuq, KPI Bridge Oil
Tuesday May 12, 2015

Today crude futures rallied heavily as the U.S dollar was devalued compared to other currencies.

The green back made it possible for holders of other currencies to purchase commodities backed by the dollar cheaper.

Brent front month contracts for June firmed $1.95 per barrel settling at $66.86 since the last close.

WTI June contracts also saw significant gains firming $1.50 settling at $60.75.

Tomorrow is the day we are all sitting in anticipation for, EIA data will come out bringing to light the true values of inventory currently in Cushing, Oklahoma.

Bunkers were mostly firm in the primary ports today.

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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