Soft Start to the Week for Crude Futures

by Mohammed Marzuq, KPI Bridge Oil
Monday June 1, 2015

Crude futures for July contracts softened today following Fridays bull rush.

Brent softened $0.62 per barrel on news that OPEC production for May has been the highest output level in over 2 years.

WTI fell by $0.10 cents settling at $60.20 due to a strong U.S dollar holding its weight compared to other currencies.

Bunkers were mostly steady today in the primary ports and we are hoping that crude prices fall significantly as we near the Iran deal.

The OPEC meeting this Friday will dictate the direction of the market.

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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