Tuesday, October 28, 2014

Comex Market Update : Epic Research Singapore

Oil futures fell sharply on Monday, after Goldman Sachs slashed its forecast for prices, predicting West Texas Intermediate crude oil prices will spend the better part of 2015 at $75 a barrel.

On the New York Mercantile Exchange, light, sweet crude futures for delivery in December CLZ4, -0.32% slid 35 cents, or 0.4%, to $80.66 a barrel after briefly dipping below $80. December Brent crude LCOZ4, -0.50%  on London’s ICE Futures exchange dropped 75 cents, or 0.9%, to $85.38 a barrel.

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