Friday, April 15, 2016

Oil Market Update : Epic Research Singapore

Oil futures finished with a loss for a second day in a row on Thursday, as the market weighed the likelihood that key producers meeting this weekend will reach a pact to cap output.

May West Texas Intermediate crude CLK6, +0.39%  fell 26 cents, or 0.6%, to settle at $41.50 a barrel on the New York Mercantile Exchange, but traded between a low of $40.84 and a high of $42.16 during the session. For the week, prices were looking at more than 4% climb.

June Brent crude LCOM6, +0.36%  on London’s ICE Futures exchange lost 34 cents, or 0.8%, to $43.84 a barrel.

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