Crude Futures Continue on a Downward Trend

by Mohammed Marzuq, KPI Bridge Oil
Monday July 27, 2015

Crude futures continued on the downward trend today following the momentum we all witnessed these last several weeks.

The Chinese stock market saw its biggest one day drop in nearly a decade today causing increased speculation on one of the worlds biggest oil consumers, this was coupled with data that surfaced Friday indicating that U.S producers ramped up drilling activity last week adding 21 rigs to production.

Brent front-month contracts fell over $1.00 per barrel settling at $53.47.

WTI contracts for September delivery fell $0.75 cents settling at $47.39 per barrel.

Bunkers were soft 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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