Comex Market Update : Epic Research Singapore

Oil futures closed back below $105 a barrel for the fifth straight loss, as Libyan rebels agreed to allow two oil terminals to reopen and the U.S. dollar strengthened.

On the New York Mercantile Exchange, crude oil for August delivery CLQ4 -0.34%   fell 86 cents, or 0.8%, to settle at $104.48 a barrel, the lowest close since June 11. They were trading at around $104.65 before the supply data were released then rebounded to trade above $105.40 after them.

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