Crude Futures Start The Week Making Gains

by Mohammed Marzuq, KPI Bridge Oil
Monday June 22, 2015

Crude oil prices were in the green today following significant declines last week.

The major drivers for crude rising today was the expectations of a Greek bail out firming the Euro and expectations of a big draw from U.S inventories this week.

Seems as though the Nymex and ICE markets have settled in the $60.00-$65.00 range as data suggests these past few months.

WTI front-month contracts for August firmed by $0.07 cents settling at $59.68 per barrel while Brent contracts firmed to $63.34.

Bunkers were steady today 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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