Tuesday, January 6, 2015

Oil Market Update : Epic Research Singapore

Oil futures fell Monday, stretching their losing streak to a third session and hitting their lowest levels in more than five years on concerns over a surging U.S. dollar and nagging worries of growing oil supplies.

Light, sweet crude for delivery in February CLG5, +0.30% fell $2.65, or 5%, to settle at $50.04 a barrel on the New York Mercantile Exchange. Prices traded as low as $49.77 a barrel earlier in the session.

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