Crude Continues to Fall

by Tim Bonett, KPI Bridge Oil
Monday August 1, 2016

Crude prices continued to tumble to start the week as the market's oversupply fears continue to grow.

Reports that OPEC is increasing production and that oil rigs in the US are climbing did nothing to assuage those fears.

WTI reached below $40/bbl before coming above that surface to settle.

Bunker prices continued to soften in the primary ports.

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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