Crude Futures Soften Despite Geopolitical Tensions

by Mohammed Marzuq, KPI Bridge Oil
Tuesday November 17, 2015

Crude futures continued softening today despite yesterdays spike due to geopolitical tensions with ISIS.

Syria being bombed by French forces has had miniscule effect on crude prices as that particular country does not coincide with much oil production or movement.

Pressure from the supply side has been the main driver these past couple weeks and despite the few outliers, it will be going forward.

The general consensus is U.S. crude inventories will face another big build that could drive prices even further from where they are now.

Brent contracts for January delivery settled down at $43.57 per barrel while nearly expired NYMEX front month contracts settled at $40.67 per barrel.

Bunkers were soft today across the board and we urge owner/operators to reap the rewards of lower prices to help boost their bottom line profitability.

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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