Soft Start to the Week for Crude Prices

by Mohammed Marzuq, KPI Bridge Oil
Monday May 18, 2015

Crude futures saw some relief today as OPEC leading Saudi Arabia came out stating that exports have hit the highest level in 10 years.

The U.S dollar also firmed today helping to drive down crude prices.

Brent July contracts softened $.54 cents settling at $66.27 per barrel.

WTI contracts for June expiry also fell $.26 cents to settle at $59.43 per barrel.

The bunker market was softer today in the main ports and we would like to continue the momentum we have seen these past several days as we near the Iran deal next month.

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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