Crude Futures Continue Their Downward Trend

by Mohammed Marzuq, KPI Bridge Oil
Wednesday May 27, 2015

Today crude futures continued their downward trend as the U.S dollar maintained its position against other currencies.

The softening market today can also be attributed to speculation that there might have been an increase in U.S crude inventory's.

This picture will be much clearer tomorrow.

Brent July contracts softened $1.70 per barrel while WTI July contracts fell $.52 cents.

Bunkers were softer today in the primary ports and we can only hope for the continuance of falling oil prices.

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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