Crude Up After Soft Start

by Mohammed Marzuq, KPI Bridge Oil
Tuesday August 18, 2015

Crude shifted momentum today swinging into the green after we witnessed softer prices early in the trading day.

Positive growth data coming out of the west coupled with anticipation of a large draw in U.S crude stock was the main driver today.

Surprisingly, Brent firmed even after far east stocks dumped 6%.

ICE contracts for October delivery were up $0.07 cents settling at $48.81 per barrel.

WTI front month contracts for September delivery were up $0.75 cents settling at $42.62 per barrel.

Bunkers were mostly steady 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.

To contact the editor responsible for this story email us at editor@shipandbunker.com