Crude Futures Soar to Hit New Highs for 2015

by Mohammed Marzuq, KPI Bridge Oil
Tuesday May 5, 2015

Bunker buyers hung their heads low today as crude futures soared to new 2015 highs.

Brent front month contracts for June firmed after Information came out that Libyan crude exports fell below 500K barrels per day as protests stopped oil flows to the sea ports.

Brent settled up $1.95 since yesterdays close. WTI front month contracts for June firmed heavily as well settling at $60.40 per barrel up $1.47 since yesterdays close.

The U.S dollar took a blow today making commodities backed by the greenback more lucrative.

Its quite unbelievable that, irrespective of a heavily saturated market and global overage of about 2 million barrels per day;  we are still witnessing crude rising at the pace it has the past few months.

Bunkers were firm today.

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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