Brent Firms, But Stays Under $50/bbl

by Mohammed Marzuq, KPI Bridge Oil
Tuesday September 8, 2015

Crude futures saw some movement today following a rally in the stock markets. \

Brent crude contracts for October delivery firmed $1.90 settling just under $50.00 per barrel.

WTI contracts for October delivery softened by $0.11 cents settling at $45.94 per barrel.

These last several weeks have been driven heavily by stock markets and we have seen massive swings both up and down.

We can expect futures to go either way anticipating EIA data on U.S. inventories.

Bunkers were firmer today in the primary ports but in the grand scheme of things, prices are still favorable to owners/operators as crude remains in the $50.00 per barrel range.

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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