Tuesday, November 17, 2015

Oil Market Update : Epic Research Singapore

Oil futures finished higher Monday buoyed by news that output from the Organization of the Petroleum Exporting Countries saw third consecutive monthly decline, as France’s airstrikes in Syria raised concerns over potential supply disruptions in the Middle East.

West Texas Intermediate crude for December delivery CLZ5, +0.17%  added $1, or 2.5%, to settle at $41.74 a barrel on the New York Mercantile Exchange. January Brent crude LCOF6, +0.34% on London’s ICE Futures exchange tacked on 9 cents, or 0.2%, to $44.56 a barrel.

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