Friday, November 27, 2015

Oil Market Update : Epic Research Singapore

Oil prices fell on Thursday amid signs of robust U.S. production despite data showing a lower-than-expected increase in U.S. oil inventories and a decline in the number of working oil-rigs in the country.

Brent crude LCOF6, -0.04%  , the global oil benchmark, fell 0.78% to $45.81 a barrel on London’s ICE Futures exchange. On the New York Mercantile Exchange, West Texas Intermediate futures CLF6, -1.16% were trading down at 0.37% at $42.87 a barrel.

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