Crude Futures Make Significant Gains

by Mohammed Marzuq, KPI Bridge Oil
Wednesday October 28, 2015

Crude futures reversed significantly in today's trading on bets that the U.S. Federal Reserve would wait to increase rates.

Further rallying was supported by EIA data showing that there was a less than expected build in U.S. crude inventories coupled with a draw in distillate inventories.

Brent contracts for December delivery offset some of the big losses it had endured these last few weeks and settled up 4.5% from yesterday's 6 week low.

Similarly, WTI front month contracts firmed 6% settling above the $45.00 thresh-hold.

Bunkers were firm today across the board.

We can expect prices to be relatively flat in the following days as we wait for the next speculative trigger to sway the market in either direction.

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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