World News
Crude Closes Mixed on Varying Fundamentals
Tuesday July 26, 2016
Price settlements today were a product of varying fundamentals as WTI settled lower and Brent higher.
Analysts anticipate oil to head below $40/bbl before any possibility of bull market returns.
Refineries could possibly start to slow down earlier than usual for seasonal fall maintenance which would add to a crude glut due to less demand.
The market will be watchful for any sign of a price floor in the near term.
Bunker prices were stable in the primary ports.