Brent Crashes Back Under $50

by Mohammed Marzuq, KPI Bridge Oil
Tuesday September 1, 2015

Crude futures were hammered today loosing all gains we witnessed yesterday.

A speculatively driven market will have to face the music sooner or later and that was certainly the case today as information from the Far East indicated China may have reached the ceiling on their growth performance. 

Both the ICE and NYMEX front month contracts fell over 8%.

Bunkers were soft today in the primary ports and we can expect that if levels remain positive in U.S. stocks that we can expect to see levels soften to prices we saw last week.

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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