Oil futures ended higher Thursday, scoring their first gain in three sessions after finding some support from a weaker U.S. dollar and expectations that low prices will soon prompt a sizable decline in production.The global glut of crude supplies and uncertainty surrounding demand on the back of a slowdown in the Chinese economy kept a cap on any gains for oil, however.
Natural-gas prices, reversed course to settle higher despite a hefty increase in weekly U.S. natural-gas supplies.
November West Texas Intermediate crude CLX5, +0.11% rose 43 cents, or 1%, to settle at $44.91 a barrel on the New York Mercantile Exchange. November Brent crude LCOX5, +0.04% on London’s ICE Futures exchange added 42 cents, or 0.9%, to $48.17 a barrel.
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
0 comments:
Post a Comment