Oil Market Update : Epic Research Singapore

Oil futures settled with a gain following a volatile session on Thursday, buoyed by expectations that declines in global production will ease the glut of crude supplies.

Prices had spent part of the session in negative territory, pressured by growing output in Iran.

On the New York Mercantile Exchange, June West Texas Intermediate crude CLM6, -0.99%  rose 47 cents, or 1%, to settle at $46.70 a barrel after earlier dipping to a low at $45.61. The settlement was the highest for futures prices since Nov. 3. Brent crude LCON6, -0.73%  rose 48 cents, or 1%, to $48.08 on London’s ICE Futures exchange.

Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg