World News
Big Slide for Crude Futures
Crude futures took a lovely beating today following yesterdays bull rush.
Iran and six other world powers have finished tailoring the highly anticipated nuclear plea deal, this draft shall be reviewed Thursday and Friday in Vienna.
The U.S dollar also firmed today against a basket of other currencies making commodities backed by dollar more expensive for buyers of other currencies.
The green-back surged on the ongoing Greek conflict which till now has not been resolved.
Brent front-month contracts for August crashed 2.6% settling at $62.00 per barrel.
WTI front-month contracts for August softened nearly 4% to settle at $56.96 per barrel,
U.S crude was down to its lowest levels since late April.
Bunkers were softer today in the primary ports, fuel oil buyers should cross there fingers and hope the momentum seen in todays market will continue to slide.