Heavy Volatility for WTI Contracts

by Mohammed Marzuq, KPI Bridge Oil
Wednesday September 30, 2015

Crude futures were mixed today as WTI contracts saw heavy volatility while Brent contracts saw little direction.

ICE contracts for November delivery stayed afloat due to the current attack of Russian warplanes engaging the ISIS group in Syria.

Brent contracts settled up $0.14 cents settling at $48.37 per barrel.

WTI contracts for November saw highs near $46.00 per barrel and lows in the high $44.00 range.

Despite the volatility the trend was down as official government data showed a rise of 4 million barrel in U.S. crude inventories last week.

Bunkers were mostly steady across the board today as both buyers and suppliers were eagerly waiting to see market 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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