Monday, June 2, 2014

Comex Market Update : Epic Research Singapore



Oil prices rose in Asian trade on Monday as data showing strong Chinese manufacturing activity fueled hopes of a pick-up in demand in the world's top energy consumer.

US benchmark, West Texas Intermediate (WTI) for delivery in July gained 44 cents to US$103.15 a barrel while Brent North Sea crude for July was up 25 cents to stand at US$109.66 a barrel in mid-morning trade.

Financial markets in Hong Kong, China, Taiwan and New Zealand are closed on Monday for public holidays.

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