Saturday, March 29, 2014

Epic Research Singapore : Comex Market Update

Oil prices climbed on Friday, scoring a weekly advance of more than 2%, but as March winds down, crude futures were set for a monthly loss.

Crude oil for May delivery CLK4 +0.39% advanced by 39 cents, or 0.4%, to settle at $101.67 a barrel on the New York Mercantile Exchange, with prices holding at their highest settlement since March 7.

May Brent crude UK:LCOK4 +0.13% , the European benchmark oil, gained 24 cents, or 0.2%, to $108.07 a barrel on ICE Futures, with the contract 1.1% higher on the week, but poised to lose around 1.7% for the quarter. 

May natural gas NGK14 -1.45%  settled at $4.485 per million British thermal units, down 5 cents, or 1.2%. 

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