Saturday, November 21, 2015

Oil Market Update : Epic Research Singapore

Crude-oil futures finished mixed on Friday in an up-and-down trading day as the December West Texas Intermediate oil contract expired.

The expiration of the December contract CLZ5, -2.84%  on Friday increased volatility, leading to swings in prices as traders rolled over to the most-active January contract. December crude settled down 35 cents, or 0.9%, to finish at $40.39 a barrel. January WTI CLF6, -0.62%  ended 18 cents, or 0.4%, higher at $41.90/bbl. on the New York Mercantile Exchange.

Meanwhile, ICE January Brent crude LCOF6, +0.54% the international benchmark, rose 1.1% to end at $44.66/bbl.

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