Brent, WTI Levels Rise to Highest Since Early February

by Mohammed Marzuq, KPI Bridge Oil
Wednesday April 1, 2015

The Crude market was bullish today as the U.S government published a report stating that production levels in the States have declined by 36,000 barrels per day this was coupled with the U.S dollar falling making it cheaper for holders of other currencies to buy commodities.

Both Brent and WTI levels today were the highest seen since early February.

Brent saw an increase of 3.6% settling $1.99 per barrel higher than the previous close.

WTI saw an increase of 5.2% settling $2.49 per barrel higher then yesterdays close.

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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