Crude Futures Down After a Trading Day of Heavy Volatility

by Mohammed Marzuq, KPI Bridge Oil
Thursday February 4, 2016

Crude futures ended the day in the red after a trading day of heavy volatility.

Oil prices were up sharp early in the day on the continual speculation that OPEC members were willing to talk about production cuts coupled with a weaker dollar making dollar denominated commodities much more attractive to buyers of other currencies.

Although oil prices surged, they were quickly curbed after the Obama administration indicated they would be proposing a ten dollar per barrel tax on oil.

Bunkers were mixed 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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