WTI Resumes Upward Movement

by Mohammed Marzuq, KPI Bridge Oil
Monday April 20, 2015

Crude oil markets finished in some surprisingly different directions today.

The expiring WTI May font-month contract rose 64 cents as investors are still digesting the U.S inventory builds at Cushing, Oklahoma from last week which only grew by 350,000 barrels.

Brent crude futures for June were stagnant and settled the same as Friday's close.

It should be noted that a lot of speculation has been driving the market up over the last couple of weeks, we feel this can not last, as there is still a massive oversupply of crude worldwide.

Bunker prices were mostly steady 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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