Brent Sinks Further After Rising Over $50/bbl in Early Trading

by Mohammed Marzuq, KPI Bridge Oil
Wednesday September 9, 2015

Crude prices opened on the strong side today but ended up much softer on worrying concerns in inventories coupled with weakening growth in the Far East.

Brent front month contracts saw highs over $50.00 but ultimately slipped $1.94 settling at $47.58 per barrel.

WTI contracts for October delivery softened $1.79 per barrel settling at $44.15.

Tomorrow's EIA data will ultimately be the driving force where crude futures will head, but the general consensus is that U.S. inventories will experience a build.

Bunkers were much softer today across the board.

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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