Wednesday, October 21, 2015

Oil Market Update : Epic Research Singapore

Oil futures finished on a mixed note Tuesday as the November West Texas Intermediate crude contracts went off the board ahead of weekly data that may show another increase in U.S. supplies.

The expiration of the November WTI contracts increased volatility, sending prices for that contract lower, while December contracts ended nearly flat and Brent prices climbed.

November West Texas Intermediate crude CLX5, -0.11% fell 34 cents, or 0.7%, to settle at $45.55 a barrel on the New York Mercantile Exchange.

December crude CLZ5, -0.71% which became the front-month contract at the settlement, ended a penny higher at $46.29 a barrel. December Brent crude LCOZ5, -0.33%  on London’s ICE Futures exchange tacked on 10 cents, or 0.2%, to $48.71 a barrel.

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