Crude Futures Settle Higher

by Mohammed Marzuq, KPI Bridge Oil
Thursday May 28, 2015

Crude futures ended up settling higher today after information came to light that U.S. inventories saw a 2.8 million barrel withdrawal last week.

Early in the trading day the market was soft, Brent futures reached levels we had not seen since early April.

Much of the downward pressure has been attributed to a strong U.S. dollar making commodities backed in U.S. dollars more expensive for holders of other currencies.

Brent firmed $0.52 cents per barrel while WTI firmed $0.17 cents.

Bunkers were soft early in the day but steadied by the end of the day.

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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