Tuesday, July 19, 2016

Oil Market Update : Epic Research Singapore

Oil futures settled lower on Monday, losing more than 1% as traders dismissed worries of supply disruptions from the attempted coup in Turkey.

August West Texas Intermediate crude CLQ6, -0.42%  fell 71 cents, or 1.6%, to settle at $45.24 a barrel on the New York Mercantile Exchange. It had traded as high as $46.14 overnight, according to FactSet. September Brent crude LCOU6, -0.32%  on London’s ICE Futures exchange declined by 65 cents, or 1.4%, to $46.96 a barrel.

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