Oil futures finished with a loss on Tuesday, pulling back from their highest level in more than a week as investors weighed continued uncertainty ahead of the U.K. referendum on European Union membership and its potential impact on energy demand.The moves came ahead of weekly data that are expected to show a decline in U.S. crude supplies.
July West Texas Intermediate crude CLN6, -0.85% lost 52 cents, or 1.1%, to settle at $48.85 a barrel on the New York Mercantile Exchange after touching a low of $48.16. It had climbed over the past two trading sessions to settle Monday at the highest level since June 9. The July contract expired at the settlement, contributing to market volatility. August WTI crude CLQ6, +0.18% which became the front-month contract, settled at $49.85, down 11 cents, or 0.2%.
August Brent crude LCOQ6, +0.10% fell 3 cents, or 0.1%, to $50.62 a barrel 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
0 comments:
Post a Comment