Crude Continues to Fall

by Tim Bonett, KPI Bridge Oil
Tuesday August 2, 2016

The drop of the dollar had crude prices up 2% in early morning trading but the sell-off of equities brought crude back to reality of the current supply situation.

WTI settled below $40/bbl for the first time since April.

The market is anticipating a draw of around 1.5 million barrels in crude inventories tomorrow after the surprise build witnessed last week.

Bunker prices remain soft in the primary ports.

WTI September $39.51/bbl (-$0.55/bbl)
Brent August $41.80/bbl (-$0.34/bbl)

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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