Heavy Volatility, Mixed Movements for Crude Futures

by Mohammed Marzuq, KPI Bridge Oil
Tuesday July 28, 2015

Crude futures saw heavy volatility during the trading day today as speculators expect a significant draw in U.S crude inventories  this week.

Brent contracts for September delivery were down to $52.00 early in the day and spiked as high as $54.00.

Ultimately, Brent contracts settled down $0.17 cents per barrel since last close.

U.S light sweet crude pushed into the green today settling at $47.98 per barrel up $0.58 cents since yesterdays closing.

WTI contracts for September delivery saw lows of $46.68 and highs of $48.44 per barrel.

Surely the crude market gave everyone a quick head shake today and one can expect market to go in either direction tomorrow after U.S inventory data is released.

Bunkers were mostly steady 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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