Comex Market Update : Epic Research Singapore

Crude-oil futures ended nearly 3% higher on Monday and briefly topped $50 a barrel, pushing back against earlier losses that stemmed from strikes at U.S. refineries and sluggish manufacturing data from China.

Light, sweet crude futures for March delivery CLH5, +0.61%  added $1.33, or 2.8%, to settle at $49.57 a barrel on the New York Mercantile Exchange.

Brent crude for March delivery LCOH5, +0.68%  rose $1.76, or 3.3%, to finish at $54.75 a barrel on London’s ICE Futures Exchange. That was Brent’s highest settlement since Jan. 2.

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