WTI Falls Back Under $36/bbl, Brent Back Under $37/bbl

by Mohammed Marzuq, KPI Bridge Oil
Tuesday January 5, 2016

Crude contracts for February delivery settled lower today on a firm U.S. dollar and weak economic data out of the Far East.

Yesterdays surprise pop in prices, fueled by tensions between Saudi Arabia and Iran were quickly dissolved as the focus has now shifted back to the reality of an over saturated market.

API forecast data, for last weeks U.S. crude stock inventories, signify a build, but, we look to EIA data tomorrow which will give us a much clearer picture of market direction going forward.

Bunkers were mostly soft 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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