Crude Futures End the Day Down After Earlier Volatility

by Mohammed Marzuq, KPI Bridge Oil
Tuesday October 13, 2015

Crude futures saw some volatility today but settled in the red by the end of the trading day.

ICE contracts for November delivery saw swings of nearly $2.00 per barrel but settled under yesterdays close at $49.24 per barrel.

NYMEX front month contracts soared to $48.43 per barrel but ended up settling down at $46.66 per barrel.

Current market expectation is that there will be a significant build in U.S. inventories which has helped to drive down futures prices.

Bunkers prices were mixed today but the general consensus is that prices will fall even further tomorrow if EIA data shows a build.

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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