Oil Market Update : Epic Research Singapore

Oil futures succumbed to pressure on Monday from expectations of higher global supplies tied to Iran, rising production from the Organization of the Petroleum Exporting Countries and a strong U.S. dollar — all of which fueled a 1% decline in U.S. crude prices.

On the New York Mercantile Exchange, August West Texas Intermediate crude CLQ5, -1.02% settled at $52.20 a barrel, down 54 cents, or 1%, after trading between a high of $53.17 and low of $51.26.

Brent crude for delivery in August LCOQ5, -0.57% fell 88 cents, or 1.5%, to $57.85 a barrel on London’s ICE Futures exchange.


Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg