This week has been exceptionally interesting to watch as crude prices have been consistently falling.
Today Brent Futures surprisingly rose 62 cents by 1200 recovering from a low of $55.92 early in the trading session.
Brent's recovery was aided by investors playing the Brent-WTI spread leaving the April futures to settle at $57.74.
On the other hand WTI could not get off the band-wagon and continued with its trickling downward trend, leaving the April future's to settle at an astonishing $48.17.
Ultimately, it was the U.S dollar that put significant pressure on crude prices as it propelled to a new 12 year high against the Euro.
For the bunker buyer this is phenomenal news as they get to continually enjoy the lower prices across the board.
