Crude Futures Fall 3%

by Mohammed Marzuq, KPI Bridge Oil
Wednesday November 11, 2015

Crude front month contracts for December delivery swung back into the red today as speculators feared U.S. inventories would see another build.

American Petroleum Institute stated they expect crude to rise another 1 million barrels.

Although we wont know the exact figures until tomorrow due to the Veterans Day holiday, the general consensus is that EIA data will put further pressure on oil prices as we near August lows.

Both ICE and NYMEX December contracts fell 3% which helped push bunker prices down across the board.

We encourage owner/operators to keep a close eye on the market to ensure they take control of favorable prices.

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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