Tuesday, October 27, 2015

Oil Market Update : Epic Research Singapore

Oil prices ended in the red on Monday with lingering concerns over a global supply glut and weakening demand pushing prices to their lowest settlement in roughly two months.

Natural-gas prices NGX15, +0.44% meanwhile, dropped for a fourth trading day in a row, losing nearly 10% for the session to hold ground at their lowest level since 2012.

December West Texas Intermediate crude CLZ5, -0.75%  fell by 62 cents, or 1.4%, to settle at $43.98 a barrel on the New York Mercantile Exchange. The settlement was the lowest since Aug. 27, based on the most-active contracts, according to FactSet. December Brent crude LCOZ5, -0.44%  on London’s ICE Futures exchange shed 45 cents, or 0.9%, to $47.54 a barrel.

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