Brent Firms to Negate Some of Yesterday Losses

by Mohammed Marzuq, KPI Bridge Oil
Thursday September 10, 2015

Oil prices firmed today on high U.S. demand for gasoline coupled with a weak Dollar which enticed holders of currency to purchase commodities backed by the Dollar.

Brent contracts for October delivery firmed $1.31 settling at a warm $48.89 per barrel.

WTI contracts for October delivery closed up $1.54 settling at $45.92 per barrel.

Bunkers were firmer today in the primary ports and we can expect levels to come off a bit as everyone swallows the fact there was a 2.6 million barrel build in U.S. inventories.

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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