Crude Futures Firm, but WTI Stays under $40/bbl

by Mohammed Marzuq, KPI Bridge Oil
Tuesday August 25, 2015

Crude futures settled in to the green today following yesterdays sell-off.

The firmer market was caused by China slashing interest rates to combat the stock-market from completely folding onto itself.

Brent contracts for September delivery firmed $0.51 by the end of the trading day settling at $43.20 per barrel.

WTI contracts for September were up $1.07 per barrel settling at $39.31 per barrel.

There is much anticipation for official EIA data tomorrow as significant builds in U.S. stock could cause crude futures to fall even farther.

Bunkers were firmer today in the primary ports as suppliers tried to cope with yesterdays crippling market state.

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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