Slight Firming for Crude Futures

by Mohammed Marzuq, KPI Bridge Oil
Wednesday August 12, 2015

Crude futures firmed slightly today after EIA data showed that U.S crude inventories incurred a 1.7 million barrel draw last week.

The U.S dollar also played a pivotal role today as it softened compared to a basket of other currencies making commodities backed in U.S currency more attractive.

Brent contracts for September delivery were up $0.48 cents settling just under $50.00 per barrel by the end of the trading day.

WTI contracts for September firmed $0.22 cents settling at $43.30 barely teetering over 6 year lows.

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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