Comex Market Update : Epic Research Singapore

Oil futures on Friday suffered a second straight weekly loss as worries over the fate of Iraq’s oil exports fade and traders weighed healthy domestic U.S. crude supplies.

On the New York Mercantile Exchange, oil for August delivery CLQ4 -0.09%  fell 10 cents, or 0.1%, to settle at $105.74 a barrel. Tracking the most-active contracts, oil saw a 1% weekly decline, its second in a row. 

August Brent crude UK:LCOQ4 -0.03%  on the ICE Futures exchange rose 9 cents, or 0.1%, to end at $113.30 a barrel. 

August natural gas NGQ14 -0.11% fell 3 cents, or 0.7%, to $4.41 per million British thermal units on its first full day as a front-month contract.

July gasoline RBN4 +0.44%  rose a cent to $3.10 a gallon, but was down 0.9% for the week, while July heating oil HON4 -0.55%  settled at $3 a gallon                                           

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