Crude Futures Firm After a Volatile Tuesday Trading Session

by Mohammed Marzuq, KPI Bridge Oil
Tuesday July 21, 2015

Crude futures firmed slightly today after a volatile trading session earlier in the day.

The U.S dollar eased off of a 3 month high against a basket of other currencies making commodities backed by USD cheaper for buyers of other currency.

Expiry ofWTI contracts for August delivery firmed $0.21 cent settling at $50.36 per barrel.

Brent front month contracts for September gained $0.39 cents settling just above $57.00 per barrel.

In the grand scheme of things its safe to say that the market was flat and it enticed the bunker market to soften as there is still much negative speculation that will outweigh the upside trend

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.

To contact the editor responsible for this story email us at editor@shipandbunker.com