Thursday, June 12, 2014

Comex Market Update : Epic Research Singapore

Oil futures settled with a slight gain on Wednesday as a cut to a global growth forecast offset support from a bigger-than-expected decline in weekly U.S. crude supplies.

Crude oil for July delivery CLN4 +0.17%  rose 5 cents to settle at $104.40 a barrel on the New York Mercantile Exchange.

July Brent crude UK:LCON4 +0.33%  , the European benchmark, rose 43 cents, or 0.4%, to end at $109.95 a barrel.

July gasoline RBN4 +0.21%   tacked on nearly 3 cents, or 0.9%, to $3 a gallon, while July heating oil HON4 +0.03%   settled at $2.90 a gallon, up 2 cents, or 0.7%.

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