Saturday, April 12, 2014

Epic Research Singapore : Comex Market Update

Oil futures climbed Friday, supported by a climb in U.S. consumer sentiment to a nine-month high. Traders also assessed a monthly report from the International Energy Agency, which showed a cut to the overall oil demand-growth forecast but also revealed a decline in global oil output. May crude CLK4 -0.03% rose 34 cents, or 0.3%, to settle at $103.74 a barrel on the New York Mercantile Exchange. Tracking the most-active contracts, prices added 2.6% for the week, with much of that climb due to ongoing uncertainty linked to tensions between Russian and Ukraine.

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