Brent Closes Just Above $30/bbl

by Mohammed Marzuq, KPI Bridge Oil
Thursday February 11, 2016

Crude futures continued to slide today as the market put focus back on the over supply issues.

WTI front month contracts are now hovering just about $26.00 per barrel and at those levels it is attracting many investors to purchase puts on $25.00 per barrel price.

Its likely the market will shoot back up on short coverings and OPEC agreement speculation but the sky's are getting grey, and they are filling in quickly.

Brent front month contracts settled down again and are teetering just above $30.00 per barrel.

Bunkers were soft today in the primary ports and we urge buyers to take advantage of the current market.

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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