Crude futures continued falling today following yesterdays momentum.
Oil analysts have vehemently stated that last weeks rise in U.S gasoline stock proved more important than a 4.4 million barrel draw of crude oil.
The current market state is creeping closer to breaking 2015 lows and it shouldn't be a surprise if and when it does.
Brent contracts for September delivery settled at $49.52 per barrel after hitting 6 month lows earlier in the trading day.
WTI contracts for September softened $0.49 cents per barrel settling at $44.66 per barrel.
Bunkers were favorable to ship owner/operators today and highly suggest taking advantage of the current situation.
