Comex Market Update : Epic Research Singapore

Oil futures settled lower on Monday, with the U.S. oil benchmark slipping below $104 a barrel to hold at their lowest level in a month as traders braced for further growth in global oil supplies.

Crude for August delivery CLQ4 -0.08%   fell 53 cents, or 0.5%, to settle at $103.53 a barrel on the New York Mercantile Exchange. Based on the most-active contracts, prices haven’t closed below $104 since June 6.

On Monday, the August Brent contract UK:LCOQ4 -0.23%  lost 40 cents, or 0.4%, to $110.24 a barrel on the ICE Futures exchange.

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